Client Affairs
Kleinwort Benson Probes Leak Of Client Data; Celebrities, Public Figures Named By Group

Kleinwort Benson said it has hired forensic experts to find out how client data was leaked, following claims by a campaign group that has obtained thousands of account details.
Kleinwort
Benson said it has hired forensic experts to find out how
client data was leaked, following claims by a campaign group that
it has obtained thousands of account details on celebrities and
high-profile individuals who banked with the firm in Jersey.
The International Consortium of Investigative Journalists, which
has said it is targeting such offshore centres because of the
“unfairness” of this activity, rather than necessarily any
criminality, has previously obtained data from centres such as
the British Virgin Islands, prompting angry responses from such
jurisdictions. Loss of client data has hit banks down the years.
For example, there have been cases of where banks in Switzerland,
for example, suffered loss of client data, which in some cases
was put up for sale and bought by public authorities in
Germany.
Details on some of the alleged Kleinwort Benson clients – such as
actor Mel Gibson, former England footballer Bryan Robson,
motorcyclist Valentino Rossi and opera singer Placido Domingo –
have been sent by the ICIJ to the UK’s Guardian
newspaper. Others are said to be Eddie Jordan, the former
Formula One motor racing boss; Oswald Boateng, the renowned
tailor, and Sir Edward Evans-Lombe, a retired High Court judge
and Norfolk landowner.
In a statement, Kleinwort Benson said: “We are aware that the
Guardian has published an article about the private and
entirely legal financial affairs of a number of individuals based
on what they claim to be `leaked offshore clients lists from
Kleinwort Benson obtained by the International Consortium of
Investigative Journalists.’ We take client and data
confidentiality extremely seriously and are understandably
concerned to understand how confidential client information may
have been obtained. We will take all necessary steps to
protect client confidentiality and have engaged external forensic
counsel to conduct an urgent investigation into the source of any
leak of confidential client information.”
Separately, Jersey Finance, the organisation that represents the
island's financial sector, sought to defend the jurisdiction's
reputation.
‘There is nothing illegal or untoward about anyone, whether they
are a celebrity or not, having a bank account or trust in a well
regulated jurisdiction such as Jersey. There are many perfectly
legitimate reasons for doing so and the reports in the Guardian
appear to have no substance. Of concern is that confidential
information about bank accounts has been leaked and I welcome the
news that Kleinwort Benson is to conduct an investigation into
this," Richard Corrigan, deputy chief executive at Jersey
Finance, said in a statement.
The ICIJ has not stated how, or from whom, it obtained the
information.
In its statement issued earlier this week, the ICIJ said: “The
individuals include donors to the British government, which has
been outspoken against tax havens, and some of the most prominent
people in British life.” The group said it allowed the Guardian
newspaper – which has published such material before – to analyse
“more than 20,000 of the names, all of whom had dealings with a
discreet Jersey, Channel Islands branch of Kleinwort Benson”.
The group previously published secret internal records of
offshore companies in the British Virgin Islands in 2013.
“We make this information available not because what we found is
illegal but because we think most people would think it unfair.
Tax havens allow some people to play by different rules,” ICIJ
director, Gerard Ryle, said.