SHARE
COPY LINK

BANK

France can’t use stolen bank data for searches

France's highest appeals court has ruled that, due to the data's illicit origin, authorities may not conduct searches based on a list stolen by a banker in Geneva of 3,000 people suspected of tax evasion.

French authorities in January 2009 acted on a Swiss warrant and seized data about global banking giant HSBC’s customers from former computer specialist Herve Falciani’s home in France.

The decryption of the stolen files held by the former HSBC employee had allowed for the identification of 127,000 accounts belonging to 79,000 people, officials said at the time.

French authorities then used the information to launch tax evasion probes into individuals, including searches of homes to find evidence.

A complaint by one of those targeted led a French appeals court last year to overturn the decision allowing the searches based on the HSBC list.

The French budget ministry, which had appealed that ruling, said it had only a limited impact as it concerned the home searches and that the HSBC list was one of many pieces of information it had.

The use by French authorities of data stolen in Geneva also provoked a sharp diplomatic row, but eventually helped fuel pressure on Switzerland over tax evasion.

Member comments

Log in here to leave a comment.
Become a Member to leave a comment.

POLITICS

France vows to block EU-South America trade deal in current form

France has vowed to prevent a trade deal between the European Union and the South American Mercosur bloc from being signed with its current terms, as the country is rocked by farmer protests.

France vows to block EU-South America trade deal in current form

The trade deal, which would include agricultural powers Argentina and Brazil, is among a litany of complaints by farmers in France and elsewhere in Europe who have been blocking roads to demand better conditions for their sector.

They fear it would further depress their produce prices amid increased competition from exporting nations that are not bound by strict and costly EU environmental laws.

READ ALSO Should I cancel my trip to France because of farmers’ protests?

“This Mercosur deal, as it stands, is not good for our farmers. It cannot be signed as is, it won’t be signed as is,” Economy Minister Bruno Le Maire told broadcasters CNews and Europe 1.

The European Commission acknowledged on Tuesday that the conditions to conclude the deal with Mercosur, which also includes Paraguay and Uruguay, “are not quite there yet”.

The talks, however, are continuing, the commission said.

READ ALSO 5 minutes to understand French farmer protests

President Emmanuel Macron said Tuesday that France opposes the deal because it “doesn’t make Mercosur farmers and companies abide by the same rules as ours”.

The EU and the South American nations have been negotiating since 2000.

The contours of a deal were agreed in 2019, but a final version still needs to be ratified.

The accord aims to cut import tariffs on – mostly European – industrial and pharmaceutical goods, and on agricultural products.

SHOW COMMENTS