November 12, 2014 - Five banks fined more than $3 billion in currency probe
Five banks have agreed to pay $3.38 billion in fines to global regulators to resolve allegations that they attempted to manipulate foreign exchange rates.
November 4, 2014 - Ex-UBS executive Weil acquitted in tax probe
The Swiss authorities said it remained to be seen what the acquittal would mean for the tax dispute between Switzerland and the US, although a finance ministry
November 4, 2014 - Acquittal Deals U.S. a Blow in Tax-Cheat Crackdown
A South Florida jury took only an hour to acquit former UBS AG wealth-management chief Raoul Weil of criminal charges he helped wealthy Americans evade taxes, d
November 4, 2014 - Ex-UBS wealth boss acquittal brings relief for many Swiss bankers
Many of Switzerland's private bankers breathed a sigh of relief at the acquittal of Raoul Weil, the former head of wealth management at UBS, on charges of helpi
November 3, 2014 - Trial dredges up Swiss banks' shady past
From bundles of cash inside scraps of newspaper to setting up shell companies, the trial in Florida of a former UBS executive is a reminder of the extreme metho
November 3, 2014 - Defense begins in tax fraud trial of former high-ranking UBS executive
Defense witnesses are set to begin testifying in the South Florida trial of a former top executive at Swiss bank UBS AG charged with conspiring with wealthy Ame
October 30, 2014 - SEE LIST OF 51 NATIONS AGREEING TO TAX DATA EXCHANGE
SEE LIST OF 51 NATIONS AGREEING TO TAX DATA EXCHANGE
October 30, 2014 - Major new steps to boost international cooperation against tax evasion: Governments commit to implement au
Fifty-one jurisdictions, many represented at Ministerial level, translated their commitments into action during a massive signing of a Multilateral Competent Au
October 30, 2014 - 51 Nations Swap Offshore Account & Tax Data, FATCA On Steriods
Is anything secret? Very little, it seems. And now, taxes, bank accounts, and identities will be shared in a groundbreaking tax deal between 51 nations.
October 27, 2014 - Hundreds Give Up U.S. Passports After New Tax Rules Start
The number of Americans renouncing U.S. citizenship increased 39 percent in the three months through September after rules that make it harder to hide assets fr
October 27, 2014 - 73 0f 100 Swiss Banks In Bed With The IRS Are Eyeing The Sofa
But ten months later, over 70 of these banks are pushing back against the harsh deal, which includes a tough non-prosecution agreement.
October 20, 2014 - Ex-UBS Banker Gives Florida Jury a Swiss Bank Secrecy Primer
A former UBS AG executive gave a primer on the workings of Swiss bank secrecy to a Florida jury hearing the tax-conspiracy trial of Raoul Weil, who once ran the
October 17, 2014 - Ex-UBS Banker Weil Knew Nothing of Tax Scheme, U.S. Jurors Told
Raoul Weil, once the head of UBS AG’s global wealth-management business, didn’t know that “rogue” underlings were helping Americans evade taxes, his lawyer told
October 16, 2014 - Swiss banker describes secrecy in US tax trial
Weil is accused of conspiracy to defraud the U.S. government by helping thousands of rich Americans conceal some $20 billion in assets from the IRS between 2002
October 16, 2014 - Spain’s Tax Breaks, TD Bank, Ex-UBS Banker Trial: Compliance
The European Union expanded its crackdown on illegal tax breaks, ordering Spain to recover money from companies that benefited from rules encouraging merger act