Swiss Bank HSBC was caught assisting clients far and wide with laundering money when a whistleblower released client lists. Now that those documents are becoming public, we all get a glimpse inside the secretive world of Swiss banking. And it isn’t pretty:
Depositors included royal families and convicted cocaine dealers, ambassadors and terror suspects, entertainers and elected officials, corporate executives and athletes. To these and other clients, the bank actively promoted its accounts as an efficient way to hide assets from tax collectors, according to the report.