August 30, 2013 - California Businessman Pleads Guilty to Conspiracy to Conceal Israeli Bank Accounts
One of Cohen’s undeclared accounts was maintained at a branch of Bank A located in the Cayman Islands. The accounts were held in the names of nominees in order
August 30, 2013 - DOJ Strikes Deal With Switzerland To Crack Down On Tax Cheats
The settlement program will apply to about 100 second-tier Swiss banks, provided they agree to disclose certain previous hidden assets of U.S. customers. It wil
August 29, 2013 - Swiss Agree on Penalties for Banks That Aided Tax Cheats
“This program will significantly enhance the Justice Department’s ongoing efforts to aggressively pursue those who attempt to evade the law by hiding their asse
August 29, 2013 - U.S., Switzerland forge bank settlement deal amid tax probe
The U.S. Justice Department said on Thursday it had signed an agreement with the Swiss government to allow some Swiss banks to avoid or defer prosecution stemmi
August 29, 2013 - Federal Council gives go-ahead for finalising joint statement in tax dispute with United States
At its meeting today, the Federal Council discussed the proposal for resolving past issues in the tax dispute with the United States and gave its agreement in p
August 29, 2013 - Details surface of US Justice, Swiss banks deal (update)
The agreement nevertheless takes into account clearly detailed efforts by the bank to get the client to declare the assets to the IRS tax authorities.
August 29, 2013 - U.S., Switzerland said to reach deal on banks, taxes; legal tabs for 6 banks total $100 billion
The accord divides Swiss banks into four tiers: 14 banks under criminal investigation; those allowed to avoid prosecution by disclosing wrongdoing; those withou
August 29, 2013 - Swiss Agree on Program for Banks to Settle U.S. Dispute
The Swiss Finance Ministry has been instructed to complete work on a joint statement with the U.S., the Bern-based government said in an announcement today. “It
August 29, 2013 - Justice Department, Switzerland in Bank Settlement Talks
The U.S. official warned holders of undeclared offshore accounts to declare them immediately to the Internal Revenue Service, which has a limited amnesty progra
August 29, 2013 -- Banks back plan to end US tax evasion row
According to the Swiss newspaper Tages-Anzeiger and a journalists' conference call with a senior US Justice Department official, banks will pay fines of between
August 28, 2013 - Switzerland Close to Resolving Undeclared U.S. Accounts
Switzerland is moving closer to an agreement with the U.S. to settle a dispute over banks including Credit Suisse Group AG (CSGN) and Julius Baer Group Ltd. (BA
August 26, 2013 - UBS to Clean Up German Offshore Accounts by End of 2014 - Chairman
UBS is making good progress cleaning up hidden offshore accounts and by 2015 won't manage any more untaxed money from German clients, Mr. Weber said.
August 26, 2013 - UBS sets deadline for German customers to confess tax evasion
Swiss global financial services company UBS has asked its German customers to admit the tax evasion fraud or exit the bank in the next 16 months.
August 23, 2013 - The US taxman cometh to Israel, with a vengeance
Israeli banks may be turning information on their American account holders over to the IRS, setting off financial nightmares for people who haven’t filed proper
August 23, 2013 - Julius Baer Worker Jailed for Three Years for Breaking Secrecy
A Swiss court sentenced a former employee of Julius Baer Group Ltd. (BAER), Switzerland’s third-largest wealth manager, to three years in prison for breaching b