Daily DashboardEuropean Data Protection Digest

Police Reviewing Stolen Account Information

FINANCIAL PRIVACY—ITALY

May 21, 2010

Italian finance police investigating instances of possible tax evasion or money laundering are reviewing a list of more than 7,000 Swiss bank accounts stolen by a former bank employee earlier this year, Bloomberg reports. The names are included on a list of 127,000 accounts belonging to 80,000 people, the report states. HSBC previously confirmed that French authorities had obtained details on about 24,000 accounts that were stolen by the employee in March, stating that while the theft posed a threat to client privacy, the data in question would not allow third-party access to the accounts. Tensions persist between Switzerland and countries that are willing to pay for stolen data to pursue tax evaders, the report states.
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