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HSBC’s Swiss private bank engulfed by tax evasion accusations

Reports are claiming that HSBC’s private banking arm helped clients dodge taxes and laundered money for wealthy individuals, including 984 Hong Kong and 246 mainland clients. The International Consortium of Investigative Journalists (ICIJ) obtained the list, originally leaked by whistle blower and former HSBC employee, Herve Falciani, who revealed accounts of more than 100,000 clients in over 200 countries. ICIJ…

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