Swiss Leaks offers rare glimpse into Sri Lankans’ Swiss bank accounts



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Sri Lanka is ranked #112 among the countries with the largest dollar amounts in the leaked Swiss files. According to its data, ninety two Sri Lankan clients had 129 bank accounts worth approximately US $ 58.3 million. The maximum amount of money associated with a client connected to Sri Lanka was $10.7M.


The Swiss Leaks project is based on a trove of almost 60,000 leaked files that provide details on over 100,000 HSBC clients and their bank accounts. Data provided on the website help compare different countries and find out more about some of the clients of the bank.


According to ICIJ, each client could be linked to more than one country. There are more than 19,000 clients not associated with any country.


The files at the foundation of the Swiss Leaks project are based on data secreted away by Hervé Falciani, a former HSBC employee-turned-whistleblower.  He turned the data over to the French government in 2008 and its tax authority launched an investigation.


The French newspaper Le Monde obtained a version of the tax authority data, which covers accounts of more than 100,000 individuals and legal entities from more than 200 countries. The newspaper shared it with ICIJ with the agreement that it would assemble a global team of journalists to explore the data and produce this reporting project.


The data comes from three types of internal bank files from different time periods. One reflects clients and their associated private accounts at the Swiss branch of the bank, mostly ranging from 1988 to 2007. Another is a snapshot of the maximum amounts in the client accounts during 2006 and 2007. The third is of notes on clients and conversations with them made by bank employees during 2005.


The files show the accounts to hold more than $100 billion in total, from $12.6 billion held in the name of governmental institutions from the oil rich nation of Venezuela under the late former leader Hugh Chávez, to amounts recorded as zero. The confidential files also provide a wealth of other detail, such as secretive offshore companies linked to some accounts. 


The bank repeatedly reassured clients that it would not disclose details of accounts to national authorities, even if evidence suggested that the accounts were undeclared to tax authorities in the client’s home country. Bank employees also discussed with clients a range of measures that would ultimately allow clients to avoid paying taxes in their home countries.


The website further said, "There are legitimate uses for Swiss bank accounts and trusts. We do not intend to suggest or imply that any persons, companies or other entities included in the ICIJ Swiss Leaks interactive application have broken the law or otherwise acted improperly".


-Swiss Leaks


Country Amount


1. Switzerland $31.2B


2. United Kingdom $21.7B


3. Venezuela $14.8B


4. United States $13.4B


5. France $12.5B


6. Israel $10B


7. Italy $7.5B


8. Bahamas $7B


9. Brazil $7B


10. Belgium $6.3B


11. Saudi Arabia $5.8B


12. Lebanon $4.8B


13. Netherlands $4.6B


14. Germany $4.4B


15. Cayman Islands $4.3B


16. India $4.1B


17. BVI $4B


18. Canada $3.9B


19. Ireland $3.5B


20. Egypt $3.5B


21. Argentina $3.5B


22. U.A.E. $3.5B


23. Turkey $3.5B


24. Luxembourg $2.9B


25. Panama $2.8B


26. Uruguay $2.8B


27. Liechtenstein $2.6B


28. Greece $2.6B


29. Spain $2.3B


30. Mexico $2.2B


31. South Africa $2B


32. Guernsey $2B


33. Monaco $2B


34. Jersey $2B


35. Russia $1.8B


36. Hong Kong $1.8B


37. Morocco $1.6B


38. Iran $1.5B


39. Romania $1.3B


40. Syria $1.3B


41. Austria $1.2B


42. Kuwait $1.1B


43. Sweden $1B


44. Barbados $1B


45. Portugal $969M


46. Australia $959.2M


47. Poland $865.6M


48. Pakistan $859.7M


49. Jordan $842.8M


50. Singapore $758M


51. Denmark $737.4M


52. Suriname $722.3M


53. Eritrea $699.6M


54. Malta $687.4M


55. Algeria $671.1M


56. Cyprus $647M


57. Bermuda $609.1M


58. Kenya $559.8M


59. Tunisia $554.2M


60. Libya $522.9M


61. China $517M


62. Iraq $514.9M


63. Seychelles $506.4M


64. Aruba $480.7M


65. Chile $467.5M


66. Norway $457.6M


67. Kazakhstan $435.3M


68. Japan $419.9M


69. Bulgaria $380.8M


70. Qatar $328M


71. Isle of Man $317.1M


72. Oman $300M


73. Ukraine $297.5M


74. Antigua & Barbuda $288.1M


75. Liberia $287.9M


76. Colombia $276.4M


77. Gibraltar $275.5M


78. Zimbabwe $272.2M


79. Nigeria $266.6M


80. Ecuador $198.4M


81. Bahrain $196.1M


82. Philippines $193.9M


83. Yemen $193.3M


84. Côte d’Ivoire $190.5M


85. Senegal $188.6M


86. DR Congo $179.8M


87. Malaysia $174.3M


88. Rep. of the Congo $166.5M


89. Macedonia $164.1M


90. New Zealand $151.6M


91. Palestine $148.9M


92. Madagascar $146.3M


93. Peru $141.2M


94. Mauritius $141M


95. Indonesia $134.1M


96. Sudan $131M


97. Hungary $122.5M


98. Latvia $121.8M


99. Chad $120.7M


100. Tanzania $114M


101. Lithuania $112M


102. Mali $106.4M


103. Czech Republic $104.6M


104. Bolivia $93.5M


105. Uganda $89.3M


106. Ghana $89M


107. Taiwan $88.6M


108. El Salvador $88.2M


109. U.S. Virgin Islands $83.8M


110. Cuba $83.8M


111. Marshall Islands $76.6M


112. Sri Lanka $58.3M


113. Thailand $57.3M


114. Niue * $57M


115. Belize $54.8M


116. Nepal $54M


117. Slovakia $48.7M


118. Andorra $48.7M


119. St. Vincent $48.7M


120. Zambia $48.3M


121. Serbia $46.6M


122. Paraguay $46M


123. Curaçao $43.6M


124. Dominica $40.9M


125. Vietnam $37.5M


126. Angola $36.8M


127. Dominican Republic $34.3M


128. Croatia $33.2M


129. Sierra Leone $33M


130. Guatemala $31.5M


131. Burundi $30.2M


132. Georgia $29.4M


133. Myanmar (Burma) $26.5M


134. Slovenia $24.5M


135. Haiti $23.6M


136. Costa Rica $23.1M


137. Cameroon $22.9M


138. Finland $22.9M


139. Moldova $22.8M


140. South Korea $21.3M


141. Uzbekistan $20.8M


142. St. Kitts & Nevis $19.5M


143. Malawi $16.1M


144. Anguilla $16M


145. Somalia $15.5M


146. Armenia $15.4M


147. CAR $13.8M


148. Bangladesh $13M


149. Mauritania $12M


150. Grenada $11.1M


151. Estonia $10.7M


152. Réunion $10.3M


153. Ethiopia $10M


154. Iceland $9.5M


155. Macau $8.8M


156. Montenegro $7.5M


157. Benin $6.6M


158. Cambodia * $6.5M


159. Mozambique $6.5M


160. Gabon $6.1M


161. Togo $5.6M


162. Bosnia & Herzegovina $4.3M


163. French Polynesia $4M


164. Jamaica $3.9M


165. Djibouti $3.9M


166. Namibia $3.9M


167. Azerbaijan $3.8M


168. Guadeloupe $3.6M


169. Afghanistan $3M


170. Guinea $2.5M


171. Rwanda * $2.1M


172. Cape Verde * $2M


173. New Caledonia $1.9M


174. Samoa $1.9M


175. Gambia $1M


176. Turks & Caicos $1M


177. Equatorial Guinea * $1M


178. Kyrgyzstan * $945.2K


179. Norfolk Island * $895.8K


180. Brunei * $802.4K


181. Greenland * $748.3K


182. Martinique $721.9K


183. Belarus * $321.3K


184. Kiribati * $169.9K


185. Puerto Rico $106.3K


186. Guyana * $64.8K


187. Botswana $1.7K


188. Cook Islands $215


189. Albania * $0


190. Mongolia * $0


191. San Marino * $0


192. Swaziland * $0


193. Laos * $0


194. Nicaragua * $0


195. Burkina Faso * $0


196. Papua New Guinea * $0


197. Honduras * $0


198. Niger * $0


199. Trinidad & Tobago * $0


200. St. Lucia * $0


201. Maldives * $0


202. Tonga * $0


203. Lesotho * $0


 
 
 
 
 
 
 
 
 
 
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