Violation Tracker Individual Record

Company: 
HSBC Private Bank (Suisse) SA
Current Parent Company: 
HSBC
Penalty: 
$192,350,000
Year: 
2019
Date: 
December 10, 2019
Offense Group: 
financial offenses
Primary Offense: 
tax violations
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 Parent: 
United Kingdom
Ownership Structure of Parent: 
publicly traded
Major Industry of Parent: 
financial services
Specific Industry of Parent: 
banking
Source Notes: 
If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Parent company note: 
Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.