Why the World Is So Bad at Tracking Dirty Money
The leaked revelations about the tax-evading activities of the Swiss subsidiary of HSBC Bank rumble on. Britain’s Chancellor of the Exchequer has faced questions as to why, despite evidence of 1,100 tax-evading accounts being passed to the government in 2010, there has been only one prosecution%u2014and why the chairman of HSBC was subsequently made a government minister.