Prosecutors Raid HSBC's Geneva Office Over Suspected Money Laundering

February 18, 2015 1:03 PM

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Geneva Attorney General Olivier Jornot, center, leaves HSBC offices during a search of the private bank Wednesday. Swiss prosecutors have started searching offices of the Geneva subsidiary of HSBC bank in an inquiry relating to alleged money-laundering.

Prosecutors in Geneva conducted a search of HSBC bank's Swiss headquarters Wednesday, looking for signs of what they termed "aggravated money laundering." The bank, recently accused of helping wealthy clients hide money from tax collectors, says it is cooperating.

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