Latest News for: Swiss offshore bank


Jack Ma Yun and Joe Tsai pledge Alibaba shares for investment bank loans, report says

Hong Kong Standard 02 Jul 2021
The Swiss bank, which brought Alibaba to market, also extended credit during the IPO run-up to an offshore shell company later linked to Ma’s purchase of a lavish house in Hong Kong’s elite Peak district and a new plane the same model as Tsai’s. .

UAE expats and offshore banking: All you need to know

The National 20 Jun 2021
An offshore bank account is a must for many internationally mobile expats operating in the UAE and Middle East ... So how do you find the right offshore bank account? ... Swiss-based private offshore banks have traditionally been popular but Rory Gilbert, managing director at AES International, says the trend is moving against them.

Man-made poverty, trade rules, tax evasion and chronic corruption in Africa

Ghana Web 03 Jun 2021
There is a group of about 165 thousand super-rich with total assets of 860 billion dollars, obviously offshore or in large British or Swiss banks ... which has more prospects in relation to technology evolution and the transformation of skills, as recommended by the World Bank.

Brain gain: New boutiques, deals surge lure expat bankers to Australia

Reuters 17 May 2021
Goldman Sachs (GS.N) has had eight Australian staff return from offshore to work in Australia, and Swiss bank UBS (UBSG.S) has had four returnees in the recent months, according to the banks' spokeswomen. Bank of America (BAC.N) has hired two senior expatriate bankers, the bank's country head Joseph Fayyad said.

Feds say Swiss company to pay $77M over US tax evaders

Times Union 14 May 2021
taxpayers dodge tax responsibilities through offshore accounts after Swiss banks stopped providing tax-dodging help to U.S ... Prosecutors said the insurance company, the leading provider of life insurance and pension products in the domestic Swiss market, wrote tax-dodging policies since 2008 after Swiss banks terminated business with U.S.

Legal Swiss Life to pay $77.4 mln to settle U.S. criminal tax evasion case

Reuters 14 May 2021
prosecutors began cracking down more than a decade ago on the use of Swiss banks to avoid federal taxes. Swiss Life and its affiliates viewed this "stepped-up offshore tax enforcement as an opportunity to pitch themselves to tax-evading U.S ... charges it helped taxpayers who fled UBS and other Swiss banks hide money in offshore accounts.

Beware the offshore tax crackdown: From holiday homes to secret Swiss accounts, HMRC is getting ...

The Daily Mail 20 Apr 2021
The taxman has blown the lid off the offshore interests of millions of Britons - exposing secret Swiss bank accounts and investments buried in the Caribbean ... 'We now have unprecedented amounts of information about offshore bank accounts and overseas income.

The offshore tax crackdown: HMRC targets Britons making money abroad

This is Money 20 Apr 2021
The taxman has blown the lid off the offshore interests of millions of Britons - exposing secret Swiss bank accounts and investments buried in the Caribbean.

Swiss banker to Venezuelan kleptocrats becomes star witness

Wtop 08 Apr 2021
The bank said it has cooperated with Swiss authorities, closed its offices in Panama and Venezuela and has tried to claw back the bonuses of employees in its Latin American group whose actions triggered the regulatory probe ... That’s especially true for Julius Baer, he said, because it was one of a few Swiss banks criminally charged in a U.S.
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