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Greeks On UK Bank Tax Haven List

As Greece is still investigating why the government didn’t examine a list of 2,059 Greeks with $1.95 billion in deposits in HSBC’s Geneva branch in Switzerland for possible tax evasion, another list has emerged, showing 97 others have more than $28.6 million in the bank’s branch in the British tax haven of Jersey, according to media reports.
More than 4,000 of the account holders on the list are British but the remainder comes from a range of countries, including 134 Cypriots and 602 Israelis. British authorities said they are looking into details of clients in the Channel island after being handed a list of names, addresses and account balances.
HSBC said it was investigating the alleged loss of client data, first reported in the Daily Telegraph, “as a matter of urgency.” The newspaper said some of the clients were convicted criminals or facing criminal allegations.
“We have not been notified of any investigation in relation to this matter by HMRC or any other authority but, should we receive notification, we will cooperate fully with the authorities,” the bank said. HSBC said it was “fully committed to adoption of the highest global standards including the procedures for the acceptance of clients.” There has been no indication so far if the UK intends to pass on the details of the list to other countries.
A Greek journalist, Costas Vaxevanis, who was acquitted on charges of violation of privacy laws by revealing the names of Greek depositors in HSBC’s Geneva bank, said after his trial that there were many more with secret accounts in other foreign banks.

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