Financial
security/ Criminal money in Swiss bank
HSBC’s Swiss bank concealed large sums of money for
people facing allegations of serious wrongdoing, including drug-running,
corruption and money laundering, leaked files reveal.
Despite being legally obliged since 1998 to make
special checks on high-risk customers, the bank provided accounts for clients
implicated in six notorious scandals in Africa,
including Kenya’s biggest corruption case, blood diamond trading and several
corrupt military sales.
HSBC also held assets for
bankers accused of looting funds from former Soviet states, while alleged
crimes by other account holders include bribery at Malta’s state oil company,
cocaine smuggling from the Dominican Republic and the doping of professional
cyclists in Spain.
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