HSBC alleged to be under investigation by HMRC

HSBC bank is investigating allegations that criminals have used accounts at its operation in the tax haven of Jersey to evade tax and launder money.

HSBC bank is investigating allegations that criminals have used accounts at its operation in the tax haven of Jersey to evade tax and launder money.

The bank issued a terse statement following reports in The Telegraph newspaper that it was being investigated by HM Revenue and Customs (HMRC).

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