Spanish authorities have ordered the local
holders of an estimated 3,000 bank accounts at HSBC’s Swiss private
bank to pay tax on their undeclared funds by 5 July.
The accounts details, passed on by French
prosecutors, could hold an estimated €6bn ($7.4bn), according to
local media reports.
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The demands follow an investigation by Italy’s
financial police, Guardia di Finanza, into bank data stolen from
HSBC’s Swiss private bank branch that revealed close to 7,000
Italian-held accounts, containing an estimated $6.9bn.
Similar investigations could be expected in up
to 10 different European countries where owners of the Swiss-based
accounts reside.
In March, the details of about 15,000 HSBC
Swiss bank accounts, dating back to 2005 and 2006, were passed to
French prosecutors after Hervé Falciani, a former IT worker at the
bank, handed over information stored on his laptop.
HSBC Private Bank declined to comment on the
latest developments.
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