March 1, 2018 - New IRS Task Force + Whistleblowers Could Mean Tougher International Tax Enforcement
The new task force – which, with a staff of just ten, is seriously under-resourced – should start with investigating some of the thousands of whistleblower clai
February 2, 2018 - American hit with ‘record’ $14m fine, 6 month prison sentence for failing to file FBARs
A resident of the US state of Connecticut who was originally from Korea has been hit with a “record” civil penalty of $14m, a six month prison sentence, and a f
February 2, 2018 - Global study names Switzerland as capital of bank secrecy
The Tax Justice Network’s study found Switzerland to be the “global capital of bank secrecy” while it placed the United States in second place because its share
February 2, 2018 - Swiss ban Gazprombank from new private clients after Panama Papers revelations
Switzerland’s Financial Market Supervisory Authority on Thursday banned Gazprombank Switzerland (GZPRI.MM) from accepting new private clients until further noti
January 8, 2018 - Relief for some US bankers in Switzerland as court blocks tax case info disclosure
Switzerland’s highest court has ruled against the transfer of information about their employees and other third parties by Swiss banks to US federal tax investi
January 8, 2018 - A Swiss Banker Helped Americans Dodge Taxes. Was It a Crime?
Mr. Buck said that his employer, Bank Frey, would be happy to take Ms. Butrus’s money, according to court documents and interviews with Mr. Buck and Ms. Butrus.
December 19, 2017 - UBS boss says bitcoins 'not money', urges regulators to act
The currency is not an effective means of payment since it is not universally accepted, it is not a good measure of value since prices are not written in bitcoi
December 13, 2017 - US tax evaders face 10-fold penalty hike
Offshore tax evaders face penalties up to 10 times the current sentencing guidelines after the US Department of Justice (DOJ) announced a major policy shift.
December 13, 2017 = Swiss Unite on Blockchain Initiative
Switzerland's two major banks and another key finance player to improve data quality ahead of new regulation. The project was born out of UBS' London-based fint
December 12, 2017 - The decline of the Swiss private bank
The result is that the industry is increasingly dividing into two tiers. A small group of the biggest banks have used the Swiss reputation for service — such as
December 1, 2017 - Coinbase Ordered to Hand IRS Data on 14,000 Users
Following a lengthy legal battle between the two entities, the San-Francisco district court ruled Tuesday that Coinbase must hand over user accounts at the exch
November 29, 2017 - U.S. jury clears ex-Swiss banker of aiding tax dodgers
Buck was charged in April 2013 along with Edgar Paltzer, a former partner of Swiss law firm Niederer Kraft & Frey, who later pleaded guilty and agreed to cooper
November 29, 2017 - U.S. jury clears ex-Swiss banker of aiding tax dodgers
"We are thrilled with the jury’s verdict," said Marc Agnifilo, a lawyer for Buck. "The evidence showed that Stefan was at all times a responsible Swiss banker w
November 29, 2017 - Court defeat for US DoJ in Swiss banker trial
Stefan Buck had been head of private banking at Zurich-based Bank Frey & Co, which ceased trading in October 2013, due to the US investigation that led to Buck’
November 29, 2017 - How big data technology is transforming fraud investigations
ICIJ and reporters relied on graph technology to connect the dots and highlight the connections in the data to reveal wrongdoings.