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Prosecutors said the subsidiary, HSBC Private Bank SA (Suisse), had helped hundreds of rich clients cheat the Belgian taxman including by giving them access to offshore accounts in overseas tax havens. (AFP)
AGENCY

HSBC to pay nearly €300mn to end Belgian criminal probe

As well as paying €294.4-million as a criminal fine, the bank will also hand over 400,000 euros in civil damages to the Belgian state.

  • Agency
1 min read
ABSA

Bank penalties reduced

The Competition Commission looks to streamline debit order systems, writes Maya Fisher-French.

  • Maya Fisher French
6 min read