June 7, 2018 - Credit Suisse to Pay $47 Million to Resolve Asia Probe
Credit Suisse is one of several global banks to have been investigated by U.S. authorities over their hiring practices in Asia. Others included JPMorgan Chase & Co. and HSBC Holdings Plc also allegedly hired children of Chinese decision-makers to win business, in violation of anti-bribery laws.
March 14, 2018 - IRS Announces End To Offshore Voluntary Disclosure Program
The program, which has been around in its current form since 2014, will officially end on September 28, 2018. That gives taxpayers a little over six months to come forward with previously undisclosed foreign financial assets.
January 8, 2018 - Relief for some US bankers in Switzerland as court blocks tax case info disclosure
Switzerland’s highest court has ruled against the transfer of information about their employees and other third parties by Swiss banks to US federal tax investigators, in what is expected to come as a relief to some Switzerland-based bankers, according to reports out of Switzerland.
January 8,. 2018 - A Swiss Banker Helped Americans Dodge Taxes. Was It a Crime?
Stefan Buck created bank accounts for dozens of Americans hiding money
from tax collectors. The U.S. tried to hold him personally accountable.
August 31, 2017 - Credit Suisse fund invests in ‘employee Big Brother’ technology
Sapience’s technology allows bosses to automatically track the work patterns of employees by monitoring their use of PCs, laptops, tablets and mobile phones. That sets it apart from traditional work monitoring systems which require users to log their activity in time sheets.
August 15, 2017 - Germany targets Swiss tax ‘spies’
German prosecutors have reportedly launched an investigation into three people from Switzerland’s intelligence services on suspicion that they have spied on German tax officials.
July 20, 2017 - Ex-Credit Suisse banker pleads guilty in U.S. offshore tax case
Susanne Rüegg Meier, a former manager with Credit Suisse, pleaded guilty in federal court in Alexandria, Virginia to conspiring to defraud the United States through her work heading of a team of bankers, the U.S. Justice Department said.
July 20, 2017 - Italy demands data on billions in suspect Swiss accounts
Italian financial crime investigators have asked the Swiss authorities for help in tracking down the beneficial owners of €6.7 billion (CHF7.4 billion) held in Switzerland. The information came to light during an investigation by the Milan authorities into the activities of Credit Suisse.
July 20, 2017 - Former Credit Suisse banker pleads guilty to U.S. fraud charges
A Swiss citizen pleaded guilty on Wednesday to conspiring to help U.S. taxpayers evade taxes from 2002 through 2011 while she headed a team of bankers in Zurich for Credit Suisse AG , the U.S. Justice Department said in a statement.
July 20, 2017 - Swiss banker pleads guilty to helping Americans avoid taxes
A former Credit Suisse banker has pleaded guilty to helping Americans avoid paying millions of dollars in income taxes for nearly a decade.
July 19, 2017 - Credit Suisse Hiring Private Bankers for Saudi Arabia Expansion
The Swiss lender is among global banks seeking to profit from an expected surge in private wealth in the kingdom, where the government has pledged to enlist the private sector in its plan to diversify the economy away from oil. Deutsche Bank is preparing to “massively expand” its product offering and hire relationship managers in the kingdom, Peter Hinder, head of EMEA Wealth Management, said in an interview this month.
June 27, 2017 - Rothschild fined $14m in 1MDB-linked case
Singapore's central bank last month fined Credit Suisse and United Overseas Bank a total of S$1.6 million for breaching anti-money-laundering rules in transactions related to 1MDB.
June 20, 2017 - European commission to crack down on offshore tax avoidance
Banks, accountants and law firms that facilitate offshore tax schemes face a Europe-wide crackdown, according to a leak of draft legislation.
June 20, 2017 - U.S. Hunts Swiss Bank Leavers
Justice and tax officials are zeroing in on Israel, Singapore and Hong Kong after Switzerland, Fort told the newspaper.
May 31, 2017 - Singapore slaps fines on Credit Suisse and UOB in money laundering probe of Malaysian development fund
Singapore's central bank has fined Credit Suisse and United Overseas Bank (UOB) for breaches relating to the scandal-hit Malaysian sovereign wealth fund 1Malaysia Development Berhad (1MDB), it said in a statement on Tuesday.