Swiss police search HSBC Geneva offices

Dog Detective

Swiss police are searching offices of the Geneva subsidiary of HSBC bank in an inquiry into alleged money-laundering.

The BBC reports that prosecutors said they were investigating HSBC Private Bank (Suisse) and 'persons unknown for suspected aggravated money laundering'.

The investigation could be extended to people suspected of committing or participating in money laundering.

HSBC said it was 'co-operating with the Swiss authorities'.

The police raid comes more than a week after allegations first emerged that HSBC's Swiss private bank may have helped wealthy clients evade tax.

To access the complete BBC article hit the link below:

Swiss police raid HSBC's Geneva office

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