BANKS RELATED TO OFFSHORE ACCOUNTS
Know how the world’s largest offshore banks are involved in the most complex networks of corruption and fraud associated with tax evasion and money laundering.
HSBC receives the highest fine in history for money laundering
The United States penalizes Chinese bank HSBC with a fine amounting to $ 1.92 billion for money laundering. Many customers were affected by the measure, after blocking numerous bank accounts.
BPA, the main masking agent international mafias
The United States, the avenger of the financial system, did shake the foundations of the Andorran banking when he discovered that BPA laundered money for international mafias. The US proposed a financial blockade to Andorra. Today, more than a thousand of their customers are suspected of money laundering.
The Chinese bank ICBC laundering 90 million euros in record time
The Spanish Anti-Corruption Prosecution charges the Chinese bank ICBC for laundering more than 90 million euros in three years. The entity is involved in offering services to criminal networks such as Gao Ping. Today, many customers are in the sights of the authorities.
Who benefits from the tax havens
The President of Argentina, Mauricio Macri, along with his father and his brother Mariano, the business directory of an offshore company domiciled in the Bahamas since 1998, under the name Fleg Trading Ltd. A derivation of the holding that Macri had assembled in Argentina and Brazil.
Inditex, the company that owns chains like Zara or Massimo Dutti, owned by magnate Amancio Ortega, saved 585 million euros in taxes between 2011 and 2014, thanks to its subsidiaries domiciled in tax havens: Holland, Ireland and Switzerland, according to a report presented by the group of the Greens in the European Parliament.
The Brazilian footballer is accused of tax fraud through the transfer of their image rights and the Rio de Janeiro justice claims the payment of 45 million euros. According to the tax audit, Neymar transferred its rights of image of Neymar Sport, one of its companies, leaving of being taxed as an individual to do so as a legal person, and racing the payment of personal income tax. In addition, used this maneuver to pay less tax benefits from their relationship with Nike.
The Portuguese striker of Real Madrid would have managed their image rights through a company in Ireland. The benefits of these, would have ended in three offshore companies domiciled in the British Virgin Islands, all of them with no activity nor workers and with the same postal address, before ending up in bank accounts in Switzerland. Cristiano would have moved 150 million euros from 2009 until 2015, and give only 5.6 million euros in fiscal year 2014, which is just a 4% of their income.
The Swedish multinational, Ikea, using systems engineering and aggressive tax planning through offshore companies in The Netherlands, Belgium, Luxembourg and Liechtenstein to evade more than 1 billion euros in taxes between 2009 and 2014. The company avoided the payment of taxes by two secret foundations and with which he managed to pay only 0.06% tax in Luxembourg, thanks to fiscal pacts or tax ruling with the jurisdiction. It is estimated that in 2014 there were some tax losses by this system of IKEA of 7.7 million euros in Spain, that rise up to the 35 million euros in Germany and 24 million euros in France.
The Infanta Pilar de Borbon, sister of King emeritus, Juan Carlos, and aunt of the present monarch, presided over and directed for years an offshore company domiciled in Panama and managed by the Panamanian law firm Mossack Fonseca.Pilar de Borbón became president of Delantera Financiera SA in 1974, although in 1993 she did not hold the presidency. However, it remained linked to this company until it dissolved on June 24, 2014, five days after the proclamation of Philip as King of Spain.