August 11, 2015 - Tax return preparers sentenced for hiding offshore account
On Dec. 19, 2014, a federal jury in Los Angeles convicted the Kalais of one count of conspiracy to defraud the Internal Revenue Service (IRS). The Kalais were
August 6, 2015 - Three Swiss Banks Reach Resolutions under Justice Department's Swiss Bank Program
The Department of Justice announced today that Privatbank Reichmuth & Co., Banque Cantonale du Jura SA and Banca Intermobiliare di Investimenti e Gestioni (Suis
August 3, 2015 - Bank EKI Genossenschaft Reaches Resolution under Justice Department's Swiss Bank Program
The Department of Justice announced today that Bank EKI Genossenschaft (Bank EKI) has reached a resolution under the department’s Swiss Bank Program.
July 30, 2015 - Three Swiss Banks Reach Resolutions under Justice Department's Swiss Bank Program
The Department of Justice announced today that PKB Privatbank AG, Falcon Private Bank AG and Credito Privato Commerciale in liquidazione SA (CPC) have reached r
July 24, 2015 - Two more Swiss banks strike deals with U.S. over tax evasion
SB Saanen Bank AG will pay nearly $1.4 million and Privatbank Bellerive AG will pay $57,000, the U.S. Justice Department said.
July 23, 2015 - Justice Department Announces Swiss Bank Program Resolutions with Two More Banks
The Department of Justice announced today that SB Saanen Bank AG and Privatbank Bellerive AG have reached resolutions under the department’s Swiss Bank Program.
July 23, 2015 - With Offshore Accounts, Fifth Amendment Protections Don't Apply
Imagine getting a summons or subpoena to produce your own offshore bank records. The Fifth Amendment says you cannot be forced to incriminate yourself. It turns
July 22, 2015 - 32 Financial Institutions Subject to Increased Penalty of 50% under OVDP
List of 32 banks.
July 21, 2015 - Three more Swiss banks settle with United States over tax probes
Mercantil Bank (Schweiz) AG will pay $1.172 million, Banque Cantonale Neuchâteloise will pay $1.123 million and Nidwaldner Kantonalbank will pay $856,000, the U
July 21, 2015 - US authorities investigating Singapore asset manager in offshore tax evasion crackdown, says WSJ
Criminal investigators from the US Internal Revenue Service (IRS) are investigating whether a Singapore asset-management firm accepted transfers from undeclared
July 21, 2015 - Julius Baer Profit Drops on U.S. Tax Dispute Provision
Net income fell to 39 million Swiss francs ($40.5 million) from 178.3 million francs a year earlier, due largely to a $350 million provision for a U.S. tax disp
July 21, 2015 - Why some Canadians' bank info is being sent to IRS
On July 1, 2014, Canadian banks began searching for clients who are U.S. citizens under FATCA. As of Canada Day this year, Canadian banks were able to begin han
July 21, 2015 - Cash-flush Julius Baer on the acquisitions trail
Switzerland’s third-largest wealth manager said last month it set aside $350m to fund a financial agreement over the bank’s role in helping americans hide money
July 15, 2015 - Rand Paul Sues IRS Over Foreign Account Taxes, Disclosures
Republican presidential candidate Rand Paul sued the Treasury Department and Internal Revenue Service over rules on how Americans abroad are taxed and what fore
July 10, 2015 - Justice Department Announces Two Banks Reach Resolutions under Swiss Bank Program
Banque Pasche SA Will Pay $7.229 Million Penalty and ARVEST Privatbank AG Will Pay $1.044 Million Penalty; Both Continue to Cooperate With Department of Justice