Belgium investigates Credit Suisse over hidden accounts
Belgian prosecutors have launched an investigation on Credit Suisse.
The probe will uncover whether the bank helped some 2,650 Belgians hide their accounts from tax authorities, according to Reuters.
The investigation by federal prosecutors is at the information-gathering stage, according to prosecutors.
The investigation by federal prosecutors is at the information-gathering stage.
The inquiry concerns accounts held between 2003 and 2014.
Belgian prosecutors received information regarding this last year from French authorities.
French authorities have also conducted their own investigations into the bank and its French customers.
The spokesman says the case concerned up to 2,650 Belgian clients, although some may have already declared their funds to the tax authorities.
“We strictly comply with all the applicable laws, rules and regulations in the markets in which we operate,” Credit Suisse tells Reuters.
The bank wishes to conduct business with clients who have paid their taxes and fully declared their assets, it says.
Swiss banks have faced similar probes in several countries over the past decade after the country was forced to give up its cherished tradition of banking secrecy.
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