HSBC And Falciani: How It Happened

HSBC And Falciani: How It Happened by Matthew Allen, swissinfo.ch HSBC’s Swiss-based private banking unit is facing a  welter of allegations that it helped tax cheats, blood diamond dealers and terrorist organizations hide their money from the authorities. Swissinfo.ch charts the road to these reputation-busting revelations. Besides lifting the lid on the alleged underbelly of Swiss banking, the case has reanimated the whistleblower versus greedy opportunist debate and led to diplomatic tensions between Switzerland and a number of other countries, including France, Spain and India. Who is Hervé Falciani? He is a former IT specialist at HSBC who took sensitive…