HMRC is investigating senior employees and certain customers of a ‘global financial institution’ for suspected tax evasion and money laundering. Press reports have named Credit Suisse as the institution in question. The UK investigation is part of a coordinated action involving authorities in the Netherlands, Australia, Germany and France.
Meanwhile, Credit Suisse has taken out advertisements in some British newspapers, saying it ‘applies a strict zero-tolerance policy on tax evasion’, in a bid to limit the damage to its reputation on this matter.
HMRC is investigating senior employees and certain customers of a ‘global financial institution’ for suspected tax evasion and money laundering. Press reports have named Credit Suisse as the institution in question. The UK investigation is part of a coordinated action involving authorities in the Netherlands, Australia, Germany and France.
Meanwhile, Credit Suisse has taken out advertisements in some British newspapers, saying it ‘applies a strict zero-tolerance policy on tax evasion’, in a bid to limit the damage to its reputation on this matter.
