TaxAdministrationFrench authorities investigate HSBC accounts

French authorities investigate HSBC accounts

Accounts examined for money laundering

French authorities have launched an investigation into the accounts of
thousands of HSBC private clients after buying details from a former employee at
the bank, the
Telegraph
reports.

Prosecutors in the south of the country are looking at the accounts for the
possibility of money laundering. The accounts information have already been
passed to the tax authorities.

The accounts relate to HSBC’s Swiss bank and were supplied by a former
computer expert. the Telegraph reports more than 8,000 accounts are being
examined.

Read more:

Swiss
accounts targeted in fight against tax evasion

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