Euronews is no longer accessible on Internet Explorer. This browser is not updated by Microsoft and does not support the last technical evolutions. We encourage you to use another browser, such as Edge, Safari, Google Chrome or Mozilla Firefox.
BREAKING NEWS

HSBC agrees to pay nearly 300 million euros to settle money-laundering case in Belgium

HSBC agrees to pay nearly 300 million euros to settle money-laundering case in Belgium
FILE PHOTO: The HSBC headquarters is seen in the Canary Wharf financial district in east London, Britain February 15, 2016. REUTERS/Hannah McKay -
Copyright
Hannah Mckay(Reuters)
Euronews logo
Text size Aa Aa

BRUSSELS (Reuters) – The Swiss private banking arm of HSBC Holdings Plc has agreed to pay nearly 300 million euros (£275.18 million) to settle a money-laundering and tax fraud case in Belgium, Belgian prosecutors said on Tuesday.

The settlement came after the bank was charged in 2014 by Belgian prosecutors for offering diamond dealers and other wealthy clients ways of hiding cash and evading tax, the prosecutors said in a statement.

(Reporting by Francesco Guarascio @fraguarascio)

euronews provides breaking news articles from reuters as a service to its readers, but does not edit the articles it publishes. Articles appear on euronews.com for a limited time.