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-Switzerland to provide Indian government with details of Indian HSBC account holders

Feb 05, 2019 - Global Banking News

Global Banking News - 05 February 2019

The Swiss government is to provide details of Indians that have secret Swiss accounts with HSBC Holdings (LSE: HSBA) to the Indian government.


Local media had reported that the bank's Indian account holders had received communications from the Swiss Federal Tax Administration (FTA) about the move. In 2011, French authorities had given India a list of 628 Indians who had held secret accounts with Swiss banks. The transfer of the det...