HSBC investigation: Drug dealers, gun runners and Britain’s biggest bank
9:52PM GMT 08 Nov 2012
The tax authorities have obtained details of every British client of HSBC in Jersey after a whistleblower secretly provided a detailed list of names, addresses and account balances earlier this week.
The Telegraph understands that among those identified on the list are Daniel Bayes, a drug dealer who is now in Venezuela; Michael Lee, who was convicted of possessing more than 300 weapons at his house in Devon; three bankers facing major fraud allegations and a man once dubbed London’s “number two computer crook”. A series of other accounts containing six-figure deposits are also registered to modest addresses in relatively poor parts of the country.
The disclosures raise serious questions about HSBC’s procedures in Jersey, with the bank already preparing to pay fines of around $1.5 billion in America for breaking money laundering rules.
The bank is legally obliged to report to the authorities any suspicions about the source of money deposited in its accounts.
http://www.telegraph.co.uk/finance/newsbysector/banksandfinance/9665741/HSBC-investigation-Drug-dealers-gun-runners-and-Britains-biggest-bank.html
Many in the US have HSBC as their mortgage holder.
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