November 25, 2015 - Deutsche Bank SA Settles with DOJ
November 19, 2015 - Justice Department Announces Three Banks Reach Resolutions Under Swiss Bank Program
The Department of Justice announced today that BNP Paribas (Suisse) SA (BNPP), KBL (Switzerland) Ltd. (KBL Switzerland) and Bank CIC have reached resolutions un
November 19, 2015 - Crackdown on Caribbean tax havens a surprise boon for Hong Kong
Helped by a forecast five-year 72 per cent explosion in Greater China demand for such services, by the end of the decade Hong Kong will be the world’s largest o
November 17, 2015 - U.S. Executive At Credit Suisse To Step Down
Zurich-based Credit Suisse is shifting focus under recently appointed Chief Executive Tidjane Thiam, who took over in July. The new strategy involves bolstering
October 23, 2015 - Inside Swiss Banks’ Tax-Cheating Machinery
Dozens of firms have been spilling their secrets to the Justice Department about how they encouraged U.S. clients to hide money abroad
October 19, 2015 - IRS Collecting $8 Billion from Offshore Tax Compliance Push
The Internal Revenue Service said Friday it has collected more than $8 billion from its Offshore Voluntary Disclosure Programs as more than 54,000 taxpayers hav
October 19, 2015 - Swiss banks launch mass closure of Russian bank accounts
RBTH presents a selection of views from leading Russian media on international events, featuring reports on the mass closure of Russian clients’ bank accounts b
October 19, 2015 - Swiss Investment Banks Pushing Out Russian Clients – Report
According to one source, UBS and Credit Suisse are requesting that clients with deposited assets of less than $5 million close their accounts or pay a monthly f
October 19, 2015 - Fatca Crushes Minnows, the Sharks Do Better
This poorly thought out law designed to monitor the big fish is directly affecting millions of “minnows.”
October 19, 2015 - Justice Department Announces BBVA Suiza S.A. Reaches Resolution under Swiss Bank Program
Since Aug. 1, 2008, BBVA Suiza maintained 138 U.S.-related accounts with a maximum aggregate dollar value of more than $157 million. BBVA Suiza will pay a pena
October 19, 2015 - New tool for the taxman from January 1
The CRS is formally referred to as the Standard for Automatic Exchange of Financial Account Information. It is an information standard for the automatic exchang
October 14, 2015 - IRS Makes Progress on FATCA Implementation
While elements of the legislation have been in effect since 2011, the main elements of FATCA reporting began in 2015 and will continue to unfold over the next f
October 9, 2015 - U.S. Chases Swiss Bank Secrets to Singapore and Israel
“The money is moving out of Switzerland to a variety of jurisdictions,” said Ciraolo, an acting assistant attorney general. “We’re following leads and following
October 6, 2015 - Report IDs world's top tax havens
Bermuda, the Cayman Islands and the British Virgin Islands are more than just sunny vacation spots
October 6, 2015 - IRS Begins Reciprocal Exchange of Account Data Under FATCA
The exchange involves certain information on accounts held by foreigners in the U.S. being provided to other countries, just as the U.S. is receiving informatio