September 30th, 2015
PRESS RELEASE SwissLeaks money connected to Kenya is six and half times higher share of GDP than the money connected to Spain In less than two weeks, G20 Finance Ministers will sit down to dinner, but developing countries won’t even have a seat at the table
March 20th, 2015
Lately, we've had quite a few reasons to get outraged as global citizens, especially when looking at the financial system, which seems all too well rigged in favor of a small, wealthy elite. We've learned of secret tax deals undoubtedly concocted in ominously tall office buildings between some of the worlds biggest companies and a tax haven; and we've also learned of billions of dollars that were being held by a Swiss bank by the world's wealthiest, amid claims that the bank was helping many of these people...
February 18th, 2015
A major leak of incriminating HSBC records last week resulted in print and television news coverage around the globe, trended on Twitter for several days and prompted several governments to start long-anticipated investigations. Through its Swiss entity, the British banking juggernaut helped customers from around the world to hide their money for tax evasion or other nefarious purposes without any questions asked. In fact, in several of the ‘scripts’ which accompany the accounts, banking personnel are seen to be very willing to accommodate dubious requests—from allowing cash withdrawals worth millions of dollars
to setting up sham legal entities to obscure...
February 13th, 2015
Fresh revelations from the Guardian today
, paint an even bleaker picture of HSBC Geneva’s client list. According to the paper
, the bank’s customers included those who faced allegations of drug-running, corruption, doping and money laundering.
Over twenty years, Global Witness has campaigned to stop a lot of things, from blood diamonds to corrupt dictators, to the money flows that fuel conflict. It appears that HSBC has been playing its part in enabling the money flows that support such activities. In some cases, the Guardian claims to have evidence...