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.
