Swiss authorities confirmed to Montenegro’s Prosecution Office that the wife of former President Svetozar Marovic had millions in an HSBC account in Switzerland at the time when he denied the family even had an account and offered the money alleged to be on it to anyone who proves it exists.
The Spanish High Court will question seven former HSBC executives suspected of money laundering and tax fraud in an investigation that was triggered by an ex-employee who leaked client data, Reuters reported Thursday.
United Kingdom officials successfully intervened to have the United States drop plans to prosecute HSBC for allowing narcotics traffickers and US sanction targets to move money through the bank, according to a US congressional report released Monday.
Families of US citizens murdered by drug cartels in Mexico are suing HSBC, saying it let the cartels launder billions of dollars to operate their businesses, resulting in the destruction of numerous lives, according to a casefiled in the US District Court for the Southern District of Texas.
OCCRP partner MANS has handed documents to Montenegro’s chief prosecutor alleging that the wife of the former president of Serbia and Montenegro stashed millions of dollars in a secret Swiss HSBC bank account.
An enormous cache of 60,000 leaked files from British bank HSBC’s Swiss private banking arm has revealed that the bank helped clients, including international criminals, to hide millions of dollars from tax authorities.
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