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In November 2014, HSBC was accused of tax fraud and money laundering by Belgian Prosecutors for helping hundreds of clients move money into offshore tax havens. [219] [220] In August 2019, HSBC agreed to pay $336 million to settle the case. [221] [222]
Number of locations. 148 Branches (until Feb 18, 2022) 20-25 International Wealth Center (Beginning Feb 22, 2022) ... HSBC Bank USA, National Association, ...
An overpayment scam, also known as a refund scam, is a type of confidence trick designed to prey upon victims' good faith.In the most basic form, an overpayment scam consists of a scammer claiming, falsely, to have sent a victim an excess amount of money.
The same year, U.S. regulators identified “deficiencies” in HSBC’s anti-money-laundering practices, and a Senate report admonished HSBC for letting an Angolan central bank representative attempt $50 million in questionable transfers. HSBC may have even set up offshore accounts for the Angolan rep in the Bahamas.
In April 2008, HSBC confirmed the loss of unencrypted data disks containing life insurance policy details for 370,000 customers. [18] In February 2011 HSBC sent a letter dated 11 February to an unknown number of recipients, stating that they were "writing to inform you of the potential compromise of some of your former account information with us."
What are 800 and 888 phone number scams? If you get an email providing you a PIN number and an 800 or 888 number to call, this a scam to try and steal valuable personal info. These emails will often ask you to call AOL at the number provided, provide the PIN number and will ask for account details including your password.
A fake automated teller slot used for "skimming". Credit card fraud is an inclusive term for fraud committed using a payment card, such as a credit card or debit card. [1] The purpose may be to obtain goods or services or to make payment to another account, which is controlled by a criminal.
After the HSBC reaction, and because he believed that "it is a systematic violation of fundamental rights of citizens by subtracting funds that should be allocated to the general interest", for two years Falciani collected evidence of potential tax fraud involving 130,000 individuals.