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France Allows UK To Share Stolen Bank Data

by Robert Lee, Tax-News.com, London

27 February 2015


France has agreed that the UK tax authority, HM Revenue and Customs (HMRC), can share certain stolen customer account data with other law enforcement agencies to tackle fiscal crime.

HMRC's Chief Executive, Lin Homer, confirmed the agreement during a Treasury Select Committee hearing on February 25, 2015.

HMRC received stolen customer bank account data from French authorities in April 2010 under strict international treaty conditions. This data has led to controversy, surrounding the activities of a UK-based bank's operations in Switzerland and the data's misappropriation. HMRC said that the conditions attached by France limited the data's use to matters relevant to tax collection only and prevented the UK from sharing the data with other law enforcement authorities.

HMRC asked for the conditions to be relaxed in August 2010 and made a series of subsequent requests. The French authorities gave written confirmation on February 23, 2015, that they were lifting these restrictions specifically for that data.

HMRC will meet with the Serious Fraud Office, the Financial Conduct Authority, the Crown Prosecution Service, the City of London Police, the National Crime Agency, and EuroJust next week to discuss the sharing of such data.

TAGS: individuals | compliance | tax | tax compliance | law | banking | financial services | United Kingdom | enforcement | tax authority | France | Switzerland | HM Revenue and Customs (HMRC) | revenue statistics | HM Revenue and Customs (HMRC) | services

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