Miners dig for diamons in Zimbabwe. As a compact, stable, and transferable store of value, diamonds offer enormous advantages to smugglers, money launderers, and tax evaders.

In the spring of 2005, Erez Daleyot, a Belgian-Israeli diamond tycoon with some dubious connections, paid a visit to his Swiss bankers at HSBC Private(...)

In 2007, HSBC, the Swiss private bank had 30,412 accounts. At the end of 2014 it had reduced that number to 10,343.
HSBC statement in full

HSBC’s Swiss Private Bank Progress update - January 2015 HSBC Global Private Banking (GPB) and in particular its Swiss private bank have undergone (...)