News Archive - March 2010

HSBC data theft could affect 24'000 accounts

17/03/2010

A theft of data by a former employee may affect up to 24,000 Swiss client accounts, HSBC Geneva has announced. The bank had previously claimed that "less than 10 clients" were affected when it was revealed last year that a former IT employee had stolen account data and subsequently handed it over to the French authorities. The same employee...
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Treasury Minister Calls For End to Offshore Tax Evasion

09/03/2010

HM Revenue and Customs have announced that some 10,000 people have notified their intention to disclose previously undeclared offshore income and gains. Those who came forward under the New Disclosure Opportunity now have to disclose and pay any unpaid tax, interest and a 10% penalty. HMRC is now receiving data on offshore accounts requested from over...
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