'Biggest Banking Leak in History' Details Nefarious Tactics of Global Tax-Dodgers

A global investigation based on leaked banking documents has opened a crack of sunlight into the exclusive and highly-secretive world of Swiss banking and the manner in which the world's criminal elite hide their vast wealth, launder their profits, and avoid tax payments from governments around the globe.

Published by a consortium of international media outlets on Sunday, the trove of leaked banking documents—considered to be the largest of its kind in history—reveals how a Swiss division of the U.K.-based HSBC bank colluded with clients from around the globe to shield billions of dollars in assets as a way to maintain secrecy and avoid taxes in the clients' home countries.
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