Banks in France face more than $1.1 billion fines after raids
French authorities on Tuesday searched offices of several large banks, including Societe Generale, BNP Paribas and HSBC on the suspicion of money laundering and fiscal fraud, a spokesperson of the PNF financial prosecution office told Reuters. Societe General confirmed the searches. The other concerned banks could not immediately be reached for comment. The PNF said that five investigations were ongoing linked to so-called “cum-cum” practices, through which wealthy clients sought to evade taxes on dividends through complex legal structures. “The ongoing operations, which have required several months of preparation, are being carried out by 16 investigating judges and over 150 investigation agents”, the PNF said in a statement issued around midday on Tuesday. |
Turkey imposes export restrictions on Israel until Gaza ceasefire
117809.04.2024, 19:18Forbes has released its list of the world's billionaires. There are more than ever before – and they're wealthier.
101302.04.2024, 21:12Media: Türkiye may reduce purchases of F-16s from United States
179230.03.2024, 18:48#FoxNews: Ukraine aid surpasses $113 billion
181629.03.2024, 11:30Baltimore bridge's $81 billion trade crisis (photo)
210827.03.2024, 14:36EU approves 13th sanctions package against Russia
509321.02.2024, 14:54