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Violation Tracker Individual Record

Company: HSBC Private Bank (Suisse) SA
Current Parent Company: HSBC
Parent at the Time of the Penalty Announcement:  subscribe to see this data field
Penalty: $192,350,000
Year: 2019
Date: December 10, 2019
Offense Group: financial offenses
Primary Offense: tax violations
Mega-Scandal: Assisting Tax Evasion
Violation Description: HSBC Private Bank (Suisse) SA, a private bank headquartered in Geneva, entered into a deferred prosecution agreement with the Department of Justice as it admitted to conspiring with U.S. taxpayers to evade taxes.
Level of Government: federal
Action Type: agency action
Agency: U.S. Attorney-Southern District of Florida
Civil or Criminal Case: civil and criminal
Prosecution Agreement: deferred prosecution agreement
HQ Country of Current Parent: United Kingdom
Ownership Structure of Current Parent: publicly traded
Major Industry of Current Parent: financial services
Specific Industry of Current Parent: banking
Source of Data: (click here)
Source Notes: If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.