Feb 14, 2012 - European Fatca deal “threat to Swiss secrecy”
Britain, France, Germany, Italy and Spain appear set on ordering their banks to hand over details of accounts owned by US citizens containing more than $50,000 (SFr46,000).
Feb 14, 2012 - US tax filing: Help for NRIs on how global income is taxed
It's tax filing season in the US. As we approach the last date - 17th April 2012 - for filing tax returns for the year 2011, here's some help for NRIs living in the US on how their income from India gets taxed.
Feb 14, 2012 - HSBC Names Franco Morra CEO of Swiss Private Bank in Geneva
HSBC’s Swiss unit is one of 11 financial firms in Switzerland under investigation by the U.S. Department of Justice for allegedly helping Americans to hide money from the Internal Revenue Service, two people with knowledge of the matter said last October.
Feb 13, 2012 - 5 Nations Join U.S. In Tax Evasion Crackdown
That means key details on accounts held in U.S. financial institutions by residents of France, Germany, Italy, Spain and the United Kingdom will be transparent.
Feb 13, 2012 - UBS denies helping US in tax probes of other banks
Documents relating to the closing out of accounts were only available in a fraction of the roughly 4,700 cases," UBS said, adding that either clients still held accounts with UBS at the time or they had given information directly to U.S. officials or asked UBS to do so.
February 2, 2012 - French high court rules Geneva HSBC bank data theft cann
The French high court (Cours de cassation) in Paris published a ruling Tuesday 31 January that data stolen in 2007 from British bank HSBC in Geneva by its employee Hervé Falciani cannot be used by French tax authorities because it was illegally obtained.
January 31, 2012 - Swiss banks hand over encrypted data in US tax row
Switzerland has handed U.S. authorities encrypted data on bank employees who served American clients suspected of dodging taxes, and will only provide the key to decipher them once a tax row is settled, the finance ministry said on Monday.
January 27, 2012 - Swiss finmin hopes U.S. tax row solved this year
Switzerland has made progress in Davos at solving a dispute with the United States over untaxed money stashed in secret Swiss bank accounts and hopes for a deal this year, its finance minister said on Thursday.
January 26, 2012 - HSBC faces money laundering inquiry
A spokesman for HSBC said: "We support US efforts to strengthen anti-money laundering defences and protect the integrity of the financial system through our rigorous new internal processes and close working partnership with regulators."
January 26, 2012 - HSBC Discloses U.S. Money-Laundering Probe .
"We have ongoing discussions with officials [including the U.S. Senate Permanent Subcommittee on Investigations] on a number of issues," an HSBC spokesman said. "The nature of these is confidential and in all cases we are cooperating."
January 24, 2012 - Harry Redknapp created offshore account 'in name of pet
The football boss, a firm favourite to become England's next manager, is said to have set up the offshore HSBC account during his time as Portsmouth FC manager, with the approval of Portsmouth’s former chairman Milan Mandaric, 73.
January 16, 2012 - India to knock at Swiss door for details in HSBC Geneva
India will request Switzerland to provide details of all undisclosed accounts held by Indian nationals in HSBC, Geneva, as the investigation into tax evasion by rich Indian nationals becomes bigger.
January 9, 2012 - U.S. demands names of Swiss bank staff: paper
U.S. authorities have given Swiss banks suspected of selling tax evasion services to wealthy Americans a Jan 23. deadline to hand over the names of client advisers, a Swiss newspaper reported on Sunday.
Jan 4, 2012 - Wegelin Bankers Said to Be Charged by U.S. in Tax Crackdown
Prosecutors have filed tax charges against more than three dozen former U.S. clients of UBS AG (UBSN) and Credit Suisse Group AG (CSGN), Switzerland’s two biggest banks, and London-based HSBC Holdings Plc (HSBA), Europe’s biggest bank. At least 24 bankers, advisers and attorneys also have been charged.
January 4, 2011 - U.S. charges 3 Swiss bankers in tax evasion case
Wegelin was not identified in the single indictment filed against Michael Berlinka, Urs Frei and Roger Keller.