Banks to join in tax evasion crackdown

Bank of Greece Governor Giorgos Provopoulos has signed an act that will allow tax banks to cross-check large transactions with tax authority data as part of a government drive to crack down on large-scale tax evasion and burgeoning money-laundering.

The act concerns «high-risk» bank clients, such as self-employed professions, whose accounts saw deposits of over 200,000 euros in 2011, and legal entities whose total deposits or cash withdrawals were in excess of 300,000 euros last year.

Subscribe to our Newsletters

Enter your information below to receive our weekly newsletters with the latest insights, opinion pieces and current events straight to your inbox.

By signing up you are agreeing to our Terms of Service and Privacy Policy.