According to the latest reports, Swiss authorities searched the work places of British banking titan HSBC’s Swiss unit in Geneva on Wednesday as a major aspect of a Money Laundering probe that has been blamed for helping customers to evade a millions of dollars in taxes.
The statement given the Geneva’s top prosecutor indicates that an inquiry is right now under path in the bank’s business locales and the money laundering investigation were launched after the late disclosures identified with HSBC Private Bank (Switzerland).
