By Charles Pretzlik and Henry Tricks, FT.com
HM Revenue & Customs, the UK agency responsible for collecting the bulk of tax revenue as well as paying tax credits, has issued an embarrassing apology to UBS Laing & Cruickshank after it lost a CD Rom containing sensitive financial information on some of the private bank’s well-heeled clients.
The loss has prompted UBS wealth managers to warn those affected to be extra careful about bank accounts, given the heightened risk of theft and fraud.
For this complete story, please visit Revenue embarassed by loss of UBS client data.
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