October 23, 2013 - Banker Raoul Weil's Appearance in Italian Court: First Step Towards Extradition?
The ex-head of UBS global wealth management Raoul Weil has appeared in an Italian court, starting a process which could see him extradited to the United States.
October 21, 2013 - Fugitive UBS banker wanted in the U.S. for 'helping rich Americans hide $20billion'
A former executive at Swiss bank UBS was arrested Friday at a luxury hotel in Italy after being a fugitive from the U.S. for more than four years.
October 21, 2013 -- Swiss Bank Blames DoJ Tax Investigation For Shutdown
Frey & Co.'s Executive Board, together with shareholders, came to the decision last week. Frey & Co. is currently the subject of a DoJ investigation, meaning th
October 17, 2013 - Swiss Bank Frey To Close Over IRS Investigation
Bank Frey’s “Truly Swiss, Truly Private” slogan could soon be “Truly Closed.” The bank is one of 14 under investigation for allegedly helping Americans evade ta
October 16, 2013 - US banking lobby urges Congress to challenge FATCA IGAs
Rich Asians, Russians, Australians and even many moderately wealthy Europeans have long used US banks and investment firms as a place to manage their investmen
October 14, 2013 - Overseas Cash Complicated as Shutdown Seen Delaying Deals: Taxes
The first wave of reporting under the law is set to begin July 1, 2014, and more guidance was expected within the next few weeks.
October 8, 2013 - Caribbean School Founder Faces Trial Over Swiss Accounts
Patricia Hough, according to her lawyers, is an altruistic psychiatrist who helped her husband build two Caribbean medical schools. To prosecutors, she is a tax
October 8, 2013 - Shutdown slows US bilateral talks to fight offshore tax dodgers
The federal government shutdown has interrupted US efforts to negotiate agreements with other countries on implementing an anti-tax evasion law that is to take
October 3, 2013 - Switzerland Drops Bank Secrecy And Joins FATCA
It’s official – Switzerland has finally rolled over and become a legitimate financial centre after years of aiding tax evasion. - See more at: http://www.iexpat
October 2, 2013 - Beanie Baby Creator Pleads Guilty to Swiss Bank Tax Dodge
“I am pleading guilty because I am guilty,” Warner, 69, told the judge, leaning close to a lectern microphone as his voice choked with emotion. He admitted to f
September 27, 2013 - Swiss Banks to Receive No Credit for Customers Who Entered OVDP without Banks' Encouragement
"Banks won't get credit for people who did the right thing when the bank was not taking steps to make that happen," she said.
September 26, 2013 - The DOJ Ratchets Up Its Crackdown On Swiss Bank Accounts
Recent developments in the government’s war on offshore accounts suggest that taxpayers bent on avoiding detection of their assets will need to find a new vehic
September 25, 2013 - Credit Suisse to close clients' accounts in 50 countries
Switzerland's Tages-Anzeiger newspaper reported that the accounts involved would be closed by the end of the year, affecting clients in nearly 50 countries.
September 24, 2013 - FATCA's Bleak Choices For Accounts, Income, Disclosure
Is any offshore income, account or trust still secret? The only safe assumption is no
September 20, 2013 - IRS Gives Amnesty To Owners Of Secret Israeli Bank Accounts
the IRS readmitted to its criminal amnesty program several dozen former customers of Bank Leumi le-Israel Ltd. that it had abruptly kicked out of the program l