Swiss Offshore Bank

Latest News for: Swiss offshore bank

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Clinton Foundation starts hiding details of donors

Blitz 23 May 2023

According to The Wall Street Journal, when IRS was suing Swiss bank UBS AG in order to obtain the identities of Americans who were using the bank to set up offshore accounts, Hillary Clinton immediately intervened into the matter ... despite his ouster from Grameen Bank in 2011.

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From the Tax Law Offices of David W. Klasing - Florida Man Sentenced for Tax Evasion

Longview News-Journal 18 Apr 2023

In 2015, his Swiss bank closed his account and suggested that he enter into the IRS Offshore Voluntary Disclosure Program (OVDP) ... government to discover their hidden bank & financial accounts and associated offshore evaded taxable investment or business income.

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Russian oligarch ‘financial fixer’ faces sanctions in US and UK

Blitz 15 Apr 2023

It is because of this that oligarchs have sought out financial fixers who can shield their wealth behind offshore trusts, shell companies, and foreign bank accounts ... But this pales in comparison, investigators believe, to the billions he still has hidden throughout the world in trusts, secretive offshore companies, and Swiss bank accounts.

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Four bankers convicted after helping Putin’s friend set up Swiss bank accounts

Metro UK 30 Mar 2023

Four bankers have been convicted for managing the bank accounts of one of Vladimir Putin’s friends. The unnamed workers, three Russian-born and one Swiss, were employed by Gazprombank Switzerland ... His income was listed at the bank as a million Swiss francs a year (£886,000) and his assets at 10 million francs (£8.8 million).

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It looks like Credit Suisse help the ultra-rich dodge taxes?

Independent online (SA) 30 Mar 2023

Credit Suisse, the troubled Swiss bank recently acquired by a rival, helped ultrawealthy Americans hide millions in assets to evade taxes, violating a 2014 plea agreement with U.S ... While Swiss banks are notorious for helping the wealthy shield their riches, tax havens also exist in the United States.

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Credit Suisse violated tax evasion deal, says US Senate committee

The Irish Times 29 Mar 2023

Probe reveals Swiss bank failed to disclose nearly $100mn in secret offshore accounts ... The US Senate finance committee has concluded that Credit Suisse violated a 2014 plea deal with the government for the Swiss bank’s role in helping wealthy Americans evade tax.

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Credit Suisse concealed more than $700m from US govt: Senate

Khaleejtimes 29 Mar 2023

Embattled Swiss banking giant Credit Suisse has failed to disclose more than $700 million in previously undeclared accounts since 2014, in violation of a plea deal with the US Department of Justice, a Senate committee said Wednesday ... with US citizenship to other Swiss banks.

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Credit Suisse abetted possible criminal tax evasion, Senate committee alleges

Market Watch 29 Mar 2023

Several additional Swiss banks may be currently holding large secret offshore accounts for U.S ... help of the Swiss government.

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Credit Suisse puts new dent in Swiss bank armour

Reuters 17 Mar 2023

The Swiss National Bank’s intervention this week to prop up Credit Suisse (CSGN.S) was anything but uneventful ... To the country’s biggest lender, the government in Bern injected 6 billion Swiss francs in capital while the central bank carved off some of toxic assets into a ... In 2021 bank customers had stashed of offshore wealth with Swiss banks.

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Swiss bankers fear exodus of Chinese wealth Financial Times

Beijing News 12 Mar 2023

Executives at major banks in Switzerland have ... The Swiss banking sector is the world's biggest destination for offshore wealth, boasting a quarter of the global total, and accounts for 10% of the country's gross domestic product, Anke Reingen, an analyst at RBC, told the newspaper.

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Swiss bankers fear exodus of Chinese wealth FT

Beijing News 12 Mar 2023

The unnamed banking officials told the media ... The Swiss banking sector is the world's biggest destination for offshore wealth, boasting a quarter of the global total, and accounts for 10% of the country's gross domestic product, Anke Reingen, an analyst at RBC, told the newspaper.

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Swiss bankers fear exodus of Chinese wealth – FT

Russia Today 12 Mar 2023

The unnamed banking officials ... The Swiss banking sector is the world’s biggest destination for offshore wealth, boasting a quarter of the global total, and accounts for 10% of the country’s gross domestic product, Anke Reingen, an analyst at RBC, told the newspaper.

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4 bankers have been accused of helping Putin launder $50 million through Switzerland via his ...

Business Insider 09 Mar 2023

Four bankers have been accused of helping Vladimir Putin's cellist best friend channel millions of dollars through Swiss bank accounts for the Russian president ... The Swiss investigation was sparked by the 2017 Panama Papers leak, which said that Roldugin was channeling millions through networks of offshore accounts into Swiss banks.

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Swiss regulator investigates 12 banks in Lebanese central banker corruption case

Reuters 27 Feb 2023

The Swiss Financial Market Supervisory Authority ... The Salameh brothers are alleged to have transferred $330 million to Swiss accounts via the offshore company Forry Associates, which is registered in the British Virgin Islands, Swiss newspaper SonntagsZeitung newspaper reported.

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Recap: Pandora Papers’ exposé on Daim, sons’ links to British companies

Malaysia Today 22 Feb 2023

This is what The Vibes has found out so far from ICIJ’s offshore database as well as British company searches and land registries ... Also, while ICIJ has yet to release further details on these offshore entities, it should be noted that Daim previously has been linked to the Swiss financial institution ICB Banking Group.