Tax evasion and money laundering/ Switzerland

Swiss lawmakers plan to question the country's financial watchdog about HSBC's Swiss bank to determine whether parliament needs to take a more active role in investigation of a trove of details on alleged tax evasion by some of the bank's wealthy clients.

The Alpine nation's banking sector is back in the spotlight after media reports said that customers of HSBC's Swiss subsidiary had been helped to conceal millions of dollars of assets, sparking regulatory inquiries and an admission by Europe's largest lender of failings in compliance and controls

Switzerland flexes parliamentary muscle as scrutiny of HSBC intensifies