Wealth and Asset Management
HSBC to pay $192m penalty in US tax evasion case
HSBC’s private bank will pay $192m in penalties and admit to helping US customers hide more than $1bn in assets from tax authorities as part of a deferred prosecution agreement with the US Department of Justice. The agreement, announced on Tuesday, effectively ends a multiyear investigation of the Geneva-based bank’s…
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Click here to read the full story: Financial Times