A leaked document has revealed that between 2006 and 2007, millions of dollars were being held by Dominicans in HSBC’s private bank in Switzerland by some 28 Dominicans.
The document shows that 24 of the accounts were held by foriegn nationals with Dominican passports but four were being held by ‘local’ Dominicans.
The documents, from 2006 to 2007, were leaked by whistleblower Hervé Falciani, a former employee of HSBC in Switzerland about three years ago but a report was released by the International Consortium of Investigative Journalists this week.
The report shows that the 28 Dominican passport holders had accounts totaling US$40.9-million.
The report indicates that all the accounts were beyound the reach of government authorities.
There were account holders from other Caribbean islands but but none were considered ‘local,’ meaning they were held by people with passports from these countries.
With four ‘local’ Dominicans with accounts in the bank, the island topped the list in the English speaking Caribbean.
According to the report there were two from Jamaica and one from Grenada.
HSBC is a financial institution that caters to the very wealthy.
See the full list below from around the region.