Search Results for 'Swiss'

Swiss Banking Secrecy Has No Place in Globalized World: View

Switzerland’s bank secrecy laws and anonymous numbered accounts have a long and shameful history: They have been used to help criminals conceal illicit gains, to deny Holocaust survivors their stolen inheritances and to help the wor [...]

Posted On : Oct, 25 2011 | Comments : 0

Swiss banking regulation leads the field

The G20 meeting of the world’s most influential nations has yet to agree on the Basel III proposals, let alone impose more stringent rules to protect economies from collapsing banks. Individual countries are also plotting their own [...]

Posted On : Oct, 05 2010 | Comments : 0

Swiss Bank Data Offered to Germany

Switzerland faced a renewed assault on its private banking system as Germany considered paying for secret Swiss account data detailing alleged tax evasion by about 1,500 German taxpayers. German authorities familiar with the invest [...]

Posted On : Feb, 01 2010 | Comments : 0

Swiss bank reveals cheats

Swiss banks are seeing their much-vaunted privacy crumble, and it can't happen fast enough for the deficit-ridden United States. Governments in the United States and Switzerland have reached a deal to disclose the identities of thousands of [...]

Posted On : Aug, 24 2009 | Comments : 0

Swiss bank fires employee indicted in US tax case

Switzerland's Neue Zuercher Bank said Friday it has fired an employee after he was indicted in the United States on fraud charges for allegedly helping rich Americans evade taxes by hiding assets in offshore accounts. Hansruedi Schumacher, [...]

Posted On : Aug, 22 2009 | Comments : 0

US Charges Two in Swiss Bank Probe

The U.S. government kept the heat on Swiss banking secrecy Thursday, charging a banker and a lawyer with fraud for allegedly helping rich Americans dodge taxes by hiding assets in bogus offshore entities. The indictments announced by the J [...]

Posted On : Aug, 21 2009 | Comments : 0

US wealthy to discover Swiss bank is no haven

The U.S. Department of Justice has lifted the veil of banking secrecy from the face of Switzerland, forcing the country's largest bank to hand over the names behind 4,450 accounts as part of a historic lawsuit settlement. UBS AG, UBS-N t [...]

Posted On : Aug, 20 2009 | Comments : 0

US seeks reduced term for star Swiss bank witness

A former Swiss banker should get a sharply reduced prison term for helping the U.S. government as a star witness in a wide-ranging tax evasion investigation of banking giant UBS AG, federal prosecutors said Tuesday. The banker contends his [...]

Posted On : Aug, 19 2009 | Comments : 0

UBS-Swiss Bank Tax Cheats: Man Admits Hiding $1 Million Over...

The names of American UBS AG clients who've hidden money overseas to avoid paying millions taxes has begun to trickle in. But the details of just how far UBS went to encourage its clients to hide income in foreign bank accounts are also eme [...]