Claims of criminal account holders investigated by HSBC
9 November 2012 Last updated at 14:03 GMT
HSBC bank says it is looking into allegations that criminals have used offshore accounts at its Jersey operation for money laundering.
The bank issued a statement after the Daily Telegraph newspaper said it was at the centre of a major investigation by HM Revenue and Customs (HMRC).
HSBC said it was investigating "an alleged loss of certain client data in Jersey as a matter of urgency".
HMRC said it had "received the data and we are studying it".
Simon Gompertz reports.