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UPDATE: France agrees to hand back ‘stolen’ Swiss bank data

Posted on December 21, 2009 by Dissent

From the Agence France-Presse:

France said Monday it would agree to a Swiss request to hand back data taken from a HSBC bank branch in Geneva that is at the centre of a row between the two countries.

France said Monday it would agree to a Swiss request to hand back data taken from a HSBC bank branch in Geneva that is at the centre of a row between the two countries.

HSBC Private Bank says the information was stolen by a former employee who later gave it to French authorities probing suspected tax evasion by several thousand French taxpayers.

The Swiss authorities had called on France to hand it back after it was seized in January by police in southern France under a Swiss warrant for the former employee, a French citizen identified as Herve Falciani.

Read more on MSN.

Category: Breach IncidentsFinancial SectorInsiderNon-U.S.Of Note

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