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Illicit Financial Flows and Developent Aid

by EurActiv
Published by : EurActiv Physical details: Video
Subject(s): Aid, Tax Evasion
Year: 2015
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The video talks about revelations by a team of journalists who unveiled a tax evasion system used by the Swiss subsidiary of HSBC. It reveals that from 2006 to 2007, roughly 100,000 clients secretly channelled over $100 billion through HSBC accounts. Of that, over $13 billion came from roughly 7,500 clients in Africa.

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