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Swiss Leaks (or SwissLeaks) is a journalistic investigation, released in February 2015, of a giant tax evasion scheme allegedly operated with the knowledge and encouragement of the British multinational bank HSBC via its Swiss subsidiary, HSBC Private Bank (Suisse). [1]
At the time, HSBC was subject to a deferred prosecution agreement for the laundering of $881 million on behalf of the Sinaloa and Norte del Valle cartels. [2] The files also describe how Barclays Bank laundered money on behalf of Arkady Rotenberg , a close associate of Vladimir Putin , who is under sanctions for his involvement in the Ukrainian ...
Falciani created the "Lagarde list", a list of HSBC clients who allegedly used the bank to evade taxes and launder money. Falciani leaked the list to ex-French Finance Minister Christine Lagarde (currently the President of the European Central Bank). Lagarde, in turn, sent the list to governments whose citizens were on the list. [6]
The 2015 Swiss Leaks revealed that he was a client of the British university Bank, HSBC, thereby having assets in the British Virgin Islands. [15] As of 2024 [update] , Dangote is the richest person in Africa , with an estimated net worth of US$13.9 billion, surpassing counterpart Johann Rupert .
HSBC Holdings plc (Chinese: 滙豐; initialism from its founding member The Hongkong and Shanghai Banking Corporation) is a British universal bank and financial services group headquartered in London, England, with historical and business links to East Asia and a multinational footprint.
The 2016 Panama Papers scandal is the largest-ever leak of information on black money in history. [31] International Consortium of Investigative Journalists first obtained the leaked information, revealing over 11 million documents. These documents pertain to 214,000 offshore entities and span almost 40 years.
The Lagarde list is only a subset of a much larger data set, known as the Falciani list, with around 130,000 names of HSBC customers captured by the French police. [2] It is not to be confused with another list from the Bank of Greece of 54,000 people who took €22 billion out of the country, and which has yet to be investigated.
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