June 3, 2014 - Credit Suisse says U.S. case has limited business impact
"That has been very limited," Hans-Ulrich Meister said in Berne when asked about loss of business during a roundtable discussion on Swiss banking. "We also had
June 3, 2014 - Belgium probes UBS money launder claims
“We have not been informed of any preliminary investigation concerning UBS Belgium,” said a spokesperson for the bank’ wealth management arm.
June 3, 2014 - U.S. says 77,000 banks, firms sign up to fight tax evasion
About 77,000 foreign and U.S. banks and financial institutions, including some in Russia, have registered with the United States to comply with a new law meant
June 3, 2014 - JURY FINDS MAN OWES CIVIL PENALTIES FOR FAILING TO REPORT SWISS BANK ACCOUNT
"As this jury verdict shows, the cost of not coming forward and fully disclosing a secret offshore bank account to the IRS can be quite high," said Assistant At
June 2, 2014 -Credit Suisse (NYSE: CS) Shows Way to Other Swiss Banks Under US Tax Scanner
Zuercher Kantonalbank, Julius Baer Group Ltd. and the Swiss branch of HSBC Holdings Plc (NYSE: HSBC) are included among the banks, which seek to avoid a guilty
June 2, 2014 - Forget FATCA Relief: The US DOJ Is On The Hunt For Tax Dodgers Now
Among some of the regions flagged by Keneally as future hot spots for DOJ investigation were Singapore, India, Israel, Lichtenstein, Luxembourg, the Cook Island
June 2, 2014 - U.K. Government Urged to Probe Alliance Boots Over Tax Affairs
“We strongly urge HM Revenue & Customs to bring an investigation into Alliance Boots’ use of these LLPs,” the organizations wrote in a letter obtained by Bloomb
May 28, 2014 - After Credit Suisse plea deal, top U.S. tax enforcer steps down
"As a result of her determined efforts ... the Tax Division has secured historic gains in our fight to protect the American people from tax fraud and financial
May 28, 2014 - Ex-UBS Banker Lack Avoids Prison for 17-Year Tax Scheme
Lack, a Swiss resident and citizen and an independent investment adviser, was sentenced to five years of probation and fined $7,500 today in federal court in Fo
May 27, 2014- Credit Suisse Offers Map to 13 Swiss Banks in U.S. Tax Probe
Thirteen Swiss banks face rising stakes in their own criminal probes after Credit Suisse Group AG (CSGN) set a new standard for punishment in the U.S. crackdown
May 27, 2014 - Weekend Reading: Grading Credit Suisse’s Plea and Memorial Day Travel Spots
The bank’s clients and shareholders welcomed the deal, but the Justice Department has been criticized for not pursuing a harsher penalty.
May 27, 2014 - UBS, Credit Suisse Hire Lobbyist Judith Hardt for EU Push
UBS AG (UBSN) and Credit Suisse Group AG (CSGN), Switzerland’s largest banks, hired award-winning campaigner Judith Hardt to help them negotiate with European U
May 23, 2014 - Alaska Plastic Surgeon Indicted on Tax Evasion Charges for Concealing Bank Accounts in Panama and Costa Rica
In the three false returns, Brandner failed to report the existence of financial accounts in Panama and Costa Rica over which he had signature authority, and al
May 23, 2014 - It is getting harder to hide money from Uncle Sam offshore
Deputy Attorney General James Cole told reporters at a news conference announcing the Credit Suisse deal. “We expect additional public actions in this area in t
May 23, 2014 - UBS Chairman Weber Warns ‘Don’t Shoot Holes’ in Swiss Economy
“You’re in a small boat,” the chairman of UBS AG (UBSN) told the Swiss-American Chamber of Commerce today. “If you shoot holes in your boat, it’s harder to sail