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NZB OFFSHORE NEWS - Call for Consult on Voluntary Disclosures 305-576-4242

May 22, 2014 - Remaining ‘hit list’ banks sweat over US verdicts
“I believe that the cantonal banks will likely resolve their respective cases with non-prosecution agreements or deferred prosecution agreements, unless the actions of a given bank were exceptionally egregious.”

July 12,,2013 - Swiss Banks Near Deal on U.S. Tax Cheats
A group of Swiss banks is lining up to deliver key information to U.S. authorities investigating tax evasion, potentially moving a long-running legal battle further toward a close.

May 20, 2013 - Switzerland close to deal in U.S. tax dispute: finance minis
"We hope that we will shortly be at the finishing line," Eveline Widmer-Schlumpf told Swiss radio in an interview. "The banks won't get it for nothing."

April 17, 2013 - Switzerland considering solution to U.S. tax dispute
The Swiss government is considering a possible solution to a long-running dispute with U.S. authorities over Swiss banks

January 31, 2013 - U.S. Is Preparing More Tax-Evasion Cases
the U.S. is turning the screws on smaller banks that may have helped taxpayers stash money in secret overseas accounts.

December 5, 2012 - Switzerland initials pact on US tax evasion law
The Swiss government has initialed an agreement with the United States which helps American authorities crack down on wealthy citizens evading taxes in their home country.

July 30, 2012 - Sarasin to shut out non-compliant clients by year-end
NZB is one of at least 11 Swiss banks targeted in the second wave of a U.S. tax investigation also probing Credit Suisse and Julius Baer.

Feb 13, 2012 - UBS 'ordered' to give data on rivals in US tax probe
In a statement, UBS said it had been ordered to hand over to Swiss financial regulator Finma client data including, in some cases, instructions relating to the closure of accounts.

June 17, 2011 - DealTalk: Swiss banks court buyers as fear stalks industry
Switzerland's legions of small banks are struggling to arouse interest in their businesses from unenthusiastic buyers as they grapple with mounting costs and the pursuit of tax dodgers across borders.

May 3, 2011 - Advising Clients About the 2011 Offshore Amnesty Program
Advising clients about the 2011 OVDI and offshore enforcement update.

April 17, 2011 - Got Income from Land, Property or Account in India?
"The UBS case has essentially become a template for actions against other offshore banks," Miami based attorney, Teig Lawrence, told India Abroad.

March 10, 2011 - US tax probe tightens noose on Swiss banks
One bank that has suffered from adverse conditions in the US is the Neue Zürcher Bank (NZB), that closed down its private banking operations in 2009 after a former employee was indicted in the US on tax evasion charges.

March 4, 2011 - Banks haven't gotten the tax fraud message: prosecutor
U.S. authorities will devote "considerable" resources to go after the banks, the bankers, "and most importantly the clients," Downing said.

February 9, 2011 - IRS Sets Offshore Amnesty, Part II .
The Internal Revenue Service on Tuesday announced a new limited amnesty for U.S. taxpayers with secret foreign accounts that will allow them to pay penalties and avoid jail time.

January 30, 2011 - Offshore banks must adapt or die in WikiLeaks era
If the US government can’t stop WikiLeaks from publishing sensitive military information, small nations won’t be able to prevent the release of this kind of data. There will always be another whistleblower - and you can’t prosecute them all.



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