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HSBC Assists Criminals, Royalty, Terrorists, Drug Barons and Pop Stars in Tax Avoidance

21st Century Wire says…

The financial house of cards is ready to come tumbling down, will this push it over the edge? The oligarchy is far out of control.

Outright criminality is the order of the day in the City of London and on Wall Street. While banks are allowed to get away with such actions, we are told that illegal immigrants are the cause of literally all our problems! It’s time to put such divide and conquer methods of the oligarchy aside and begin targeting those who are the real cause of our issues.

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HSBC exposed in tax evasion data leak

RT Business

A new investigation exposes HSBC’s Swiss private banking arm of helping royalty, criminals, terrorists, drug dealers, and even music stars such as Tina Turner and David Bowie to conceal their identities to dodge taxes.

The Washington-based International Consortium of Investigative Journalists (ICIJ), which obtained the documents from French paper Le Monde, found over 100,000 account holders in 200 countries listed in the data leak.

The documents shed light on the bank’s practice of courting rich depositors in exchange for protection from taxes from 2005 until 2007. During this period, the private banking armed controlled $100 billion in assets, according to Bloomberg.

HSBC reportedly reassured client that its bank was a safe haven for secrets, and that it would not disclosure details of accounts to national authorities or taxmen. Files also reveal that several clients were allowed to quietly transfer bricks of cash in foreign currencies…

Continue reading the full story on RT

FIND OUT MORE FINANCIAL CRIME IN: 21st Century Wire Financial Files