HSBC Bank Clients Targeted in Tax Evasion Probe

by Igor Drabkin | Jul 8, 2010 | Criminal Tax, FBAR, Internal Revenue Service, Offshore Income

HSBC appears to be the next target of U.S. government in its fight against offshore tax evasion. On June 21, 2010, the Department of Justice issued letters to HSBC clients informing them that they are subject to a criminal investigation.