Difference between revisions of "Swiss Leaks"

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{{Concept
 
{{Concept
 
|wikipedia=https://en.wikipedia.org/wiki/Swiss_Leaks
 
|wikipedia=https://en.wikipedia.org/wiki/Swiss_Leaks
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|description=Leaked tax evasion scheme by HSBC. Possibly not as independent journalistic work as it is made out to be.
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|constitutes=
 
}}
 
}}
'''Swiss Leaks''' is the name of a journalistic investigation, released in February 2015, of a giant tax evasion scheme allegedly operated with the knowledge and encouragement of the British multinational bank [[HSBC]] via its Swiss subsidiary, HSBC Private Bank (Suisse).<ref>{{cite web|url=http://www.lemonde.fr/economie/article/2015/02/08/swissleaks-the-backstory-of-a-worldwide-investigation_4572334_3234.html|title=" SwissLeaks " : the backstory of a worldwide investigation|work=Le Monde.fr}}</ref>
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'''Swiss Leaks''' is the name of a journalistic investigation, released in February 2015, of a giant tax evasion scheme allegedly operated with the knowledge and encouragement of the British multinational bank [[HSBC]] via its Swiss subsidiary, HSBC Private Bank (Suisse).<ref>http://www.lemonde.fr/economie/article/2015/02/08/swissleaks-the-backstory-of-a-worldwide-investigation_4572334_3234.html</ref>
  
 
==Investigation==
 
==Investigation==
In February 2015, the [[International Consortium of Investigative Journalists]] (ICIJ) website released information about bank accounts in [[Switzerland]] under the title ''Swiss Leaks: Murky Cash Sheltered by Bank Secrecy''.<ref>{{cite web|url=http://www.icij.org/project/swiss-leaks|title=Swiss Leaks: Murky Cash Sheltered by Bank Secrecy|work=International Consortium of Investigative Journalists}}</ref> The investigation was conducted by over 130 journalists in [[Paris]], [[Washington, D.C.|Washington]], [[Geneva]], and 46 other countries.
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In February 2015, the [[International Consortium of Investigative Journalists]] (ICIJ) website released information about bank accounts in [[Switzerland]] under the title ''Swiss Leaks: Murky Cash Sheltered by Bank Secrecy''.<ref>http://www.icij.org/project/swiss-leaks</ref> The investigation was conducted by over 130 journalists in [[Paris]], [[Washington, D.C.|Washington]], [[Geneva]], and 46 other countries.
  
Investigators allege that 180.6 billion euros passed through HSBC accounts held in [[Geneva]] by over 100,000 clients and 20,000 offshore companies between November 2006 and March 2007. The data for this period comes from files removed from HSBC Private Bank by a former staffer, software engineer [[Hervé Falciani]], and handed to French authorities in late 2008.<ref>
+
Investigators allege that 180.6 billion euros passed through HSBC accounts held in [[Geneva]] by over 100,000 clients and 20,000 offshore companies between November 2006 and March 2007. The data for this period comes from files removed from HSBC Private Bank by a former staffer, software engineer [[Hervé Falciani]], and handed to French authorities in late 2008.<ref>http://www.icij.org/project/swiss-leaks/whistleblower-thief-hero-introducing-source-data-shook-hsbc</ref> The disclosed information has been called "the biggest leak in Swiss banking history".<ref>http://www.cbsnews.com/news/hsbc-swiss-leaks-investigation-60-minutes/</ref>
{{cite web
 
|url=http://www.icij.org/project/swiss-leaks/whistleblower-thief-hero-introducing-source-data-shook-hsbc
 
|title=Whistleblower? Thief? Hero? Introducing the Source of the Data that Shook HSBC
 
|work=International Consortium of Investigative Journalists}}</ref> The disclosed information has been called "the biggest leak in Swiss banking history".<ref>{{cite web
 
|url=http://www.cbsnews.com/news/hsbc-swiss-leaks-investigation-60-minutes/
 
|title=The Swiss Leaks|date=8 February 2015
 
|work=cbsnews.com}}</ref>
 
  
The ICIJ alleges that the bank profited from tax evaders and other clients.<ref>
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The ICIJ alleges that the bank profited from tax evaders and other clients.<ref>https://www.theguardian.com/news/2015/feb/12/hsbc-files-swiss-bank-hid-money-for-suspected-criminals</ref>
{{cite web
 
|work=The Guardian
 
|url=https://www.theguardian.com/news/2015/feb/12/hsbc-files-swiss-bank-hid-money-for-suspected-criminals
 
|title=HSBC files: Swiss bank hid money for suspected criminals
 
|author=ICIJ
 
}}</ref>
 
  
 
==Media coverage==
 
==Media coverage==
[[BBC]] reported that HSBC had put pressure on media not to report about the controversy, with British Newspaper ''[[The Guardian]]'' claiming HSBC advertising had been put "on pause" after ''The Guardian'''s coverage of the matter.<ref>{{cite web| url=http://www.bbc.com/news/uk-31517545 |title=Daily Telegraph's Peter Oborne urges HSBC coverage review| publisher=BBC| accessdate=18 February 2015}}</ref> [[Peter Oborne]], chief political commentator at ''[[Daily Telegraph]]'' resigned from the paper; in an open letter he claimed the ''Daily Telegraph'' suppressed negative stories and dropped investigations into HSBC because of the bank's advertising.<ref>{{cite web|last=Oborne|first=Peter|url=https://www.opendemocracy.net/ourkingdom/peter-oborne/why-i-have-resigned-from-telegraph|title=Why I have resigned from the Telegraph|date=17 February 2015|accessdate=17 February 2015}}</ref> [[CBS]] published a story about the leaks in the news segment ''60 Minutes''.<ref>{{cite news|last1=Whitaker|first1=Bill|authorlink1=Bill Whitaker (journalist)|title=The Swiss Leaks|url=http://www.cbsnews.com/news/hsbc-swiss-leaks-investigation-60-minutes/|accessdate=3 March 2015|work=60 Minutes|agency=CBS|date=8 February 2015}}</ref>
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[[BBC]] reported that HSBC had put pressure on media not to report about the controversy, with British Newspaper ''[[The Guardian]]'' claiming HSBC advertising had been put "on pause" after ''The Guardian'''s coverage of the matter.<ref>http://www.bbc.com/news/uk-31517545</ref> [[Peter Oborne]], chief political commentator at ''[[Daily Telegraph]]'' resigned from the paper; in an open letter he claimed the ''Daily Telegraph'' suppressed negative stories and dropped investigations into HSBC because of the bank's advertising.<ref>https://www.opendemocracy.net/ourkingdom/peter-oborne/why-i-have-resigned-from-telegraph</ref> [[CBS]] published a story about the leaks in the news segment ''60 Minutes''.<ref>http://www.cbsnews.com/news/hsbc-swiss-leaks-investigation-60-minutes/</ref>
  
 
==See also==
 
==See also==

Latest revision as of 07:52, 7 August 2021

Concept.png Swiss Leaks Rdf-entity.pngRdf-icon.png
Leaked tax evasion scheme by HSBC. Possibly not as independent journalistic work as it is made out to be.

Swiss Leaks is the name of a journalistic investigation, released in February 2015, of a giant tax evasion scheme allegedly operated with the knowledge and encouragement of the British multinational bank HSBC via its Swiss subsidiary, HSBC Private Bank (Suisse).[1]

Investigation

In February 2015, the International Consortium of Investigative Journalists (ICIJ) website released information about bank accounts in Switzerland under the title Swiss Leaks: Murky Cash Sheltered by Bank Secrecy.[2] The investigation was conducted by over 130 journalists in Paris, Washington, Geneva, and 46 other countries.

Investigators allege that 180.6 billion euros passed through HSBC accounts held in Geneva by over 100,000 clients and 20,000 offshore companies between November 2006 and March 2007. The data for this period comes from files removed from HSBC Private Bank by a former staffer, software engineer Hervé Falciani, and handed to French authorities in late 2008.[3] The disclosed information has been called "the biggest leak in Swiss banking history".[4]

The ICIJ alleges that the bank profited from tax evaders and other clients.[5]

Media coverage

BBC reported that HSBC had put pressure on media not to report about the controversy, with British Newspaper The Guardian claiming HSBC advertising had been put "on pause" after The Guardian's coverage of the matter.[6] Peter Oborne, chief political commentator at Daily Telegraph resigned from the paper; in an open letter he claimed the Daily Telegraph suppressed negative stories and dropped investigations into HSBC because of the bank's advertising.[7] CBS published a story about the leaks in the news segment 60 Minutes.[8]

See also

 

Related Document

TitleTypePublication dateAuthor(s)Description
Document:HSBC and the sham of Guardian’s Scott TrustArticle3 March 2015Jonathan CookBritain, we are told, is privileged to have two “liberal” media outlets, the BBC and Guardian, that are seen either as neutral or as a leftwing counterbalance to the rightwing agenda of the rest of the media. Here are three illuminating articles and a short video that should help to dispel any such illusions.
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References

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