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Credit Suisse at the Centre of an International Tax Evasion Investigation

Credit Suisse at the Centre of an International Tax Evasion Investigation

Some of the employees and account holders in Credit Suisse Group are subjects of a tax evasion and money laundering probe that spans across five countries.  Offices in London, Paris and Amsterdam have been visited by local authorities concerning “client tax matters”. The investigation will focus on “senior employees” and a number of customers.

“Offices in London, Paris and Amsterdam have been visited by local authorities concerning client tax matters.”

~ Bloomberg

The investigation into 55,000 suspect bank accounts  has involved the seizure of assets including a gold bar, paintings and jewellery and is part of co-ordinated action by authorities in Britain, the Netherlands, Germany, France and Australia.

Related Reports: Bloomberg, The Guardian

 

About Credit Suisse

Founded in 1856, we today have a global reach with operations in over 50 countries and 48,200 employees from over 150 different nations. Our broad footprint helps us to generate a geographically balanced stream of revenues and net new assets and allows us to capture growth opportunities around the world. We serve our clients through three regionally focused divisions: Swiss Universal Bank, International Wealth Management and Asia Pacific. These regional businesses are supported by two other divisions specializing in investment banking capabilities: Global Markets and Investment Banking & Capital Markets. The Strategic Resolution Unit consolidates the remaining portfolios from the former non-strategic units plus additional businesses and positions that do not fit with our strategic direction. Our business divisions cooperate closely to provide holistic financial solutions, including innovative products and specially tailored advice.

Visit: Credit Suisse

 


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