August 15, 2017 - Fired UBS Adviser Reignites Palm Beach Scandal Over Rich Widow
In asking the court to toss out Price’s claim, UBS argues that he’s failed to link his firing to any whistle-blowing and that he lacks standing, pointing to a l
August 15, 2017 - Germany targets Swiss tax ‘spies’
German prosecutors have reportedly launched an investigation into three people from Switzerland’s intelligence services on suspicion that they have spied on Ger
July 20, 2017 - Former Credit Suisse banker pleads guilty to U.S. fraud charges
A Swiss citizen pleaded guilty on Wednesday to conspiring to help U.S. taxpayers evade taxes from 2002 through 2011 while she headed a team of bankers in Zurich
July 20, 2017 - Swiss banker pleads guilty to helping Americans avoid taxes
A former Credit Suisse banker has pleaded guilty to helping Americans avoid paying millions of dollars in income taxes for nearly a decade.
July 19, 2017 - Mission Hills woman sentenced to prison for lying to feds about Cayman Island businesses
A prominent Mission Hills businesswoman was sentenced Monday to one year and six months in prison for lying to government lawyers during a civil tax investigati
July 5, 2017 - Lawmakers introduce bill to uncover shell company owners
Members of Congress introduced bipartisan legislation to require anonymous shell companies to disclose their beneficial owners in an effort to uncover tax evasi
July 5, 2017 - 8 more UBS tax evasion suspects summoned
Letters were sent to businessmen, lawyers, and employees suspected of concealing income varying between hundreds of thousands of shekels to NIS 5 million.
July 5, 2017 - Big Four firms require closer regulation, report finds
“The big four auditing and accounting firms are major players in this ecosystem of tax avoidance, yet they are allowed to operate in secrecy, with no measures i
July 5, 2017 -- Panama Papers: Germany 'pays millions' for leaked data
When Denmark paid a smaller sum to buy data allegedly implicating up to 600 Danish citizens last September, opposition parties attacked the decision as "deeply
June 27, 2017 - Strengthened EU rules to tackle money laundering, tax avoidance and terrorism financing enter into force
the Fourth Anti-Money Laundering Directive enters into force. It strengthens the existing rules and will make the fight against money laundering and terrorism f
June 27, 2017 - US Justice Department wants to take Microsoft to Supreme Court in offshore email case
In less than one year, a new European data protection law will go into effect. Under that law – called the General Data Protection Regulation – it would be ille
June 20, 2017 - European commission to crack down on offshore tax avoidance
Banks, accountants and law firms that facilitate offshore tax schemes face a Europe-wide crackdown, according to a leak of draft legislation.
June 20, 2017 - U.S. Hunts Swiss Bank «Leavers»
Justice and tax officials are zeroing in on Israel, Singapore and Hong Kong after Switzerland, Fort told the newspaper.
June 7, 2017 - Wealth managers face $1.1trn outflows on tax avoidance crackdown
Wealth managers could lose $1.1trn in client money over the coming years on the back of a global crackdown on tax avoidance through the use of offshore accounts
June 7, 2017 - UBS Creates Services Unit With 18,000 Employees
UBS has unveiled an independent legal entity for the 18,000 staff performing back-office services. The step is part of the bank’s emergency plan for severe cris