Swiss Offshore Bank

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Swiss financial industry suffering from sanctions on Russia media

Beijing News 05 Sep 2023

Swiss banks complain that on top of existing tax evasion and money ... According to the Swiss Bankers Association estimates, the total could be around 150 billion Swiss francs ($170 billion), while the amount in offshore assets that are managed by Swiss banks could be $2.4 trillion.

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Swiss financial industry suffering from sanctions on Russia – media

Russia Today 05 Sep 2023

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Huge withdrawal of capital from Switzerland to Middle East media

Beijing News 01 Sep 2023

The report pointed out that Swiss private banks were anxious that the trend not spread to clients from other countries ... "Clients still believe, as do I, that Switzerland is a neutral country that follows the fundamental rules of neutrality," Gregoire Bordier, president of the Association of Swiss Private Banks, told the outlet.

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Huge withdrawal of capital from Switzerland to Middle East – media

Russia Today 01 Sep 2023

The report pointed out that Swiss private banks were anxious that the trend not spread to clients from other countries ... “Clients still believe, as do I, that Switzerland is a neutral country that follows the fundamental rules of neutrality,” Gregoire Bordier, president of the Association of Swiss Private Banks, told the outlet.

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Massive capital outflows from Bangladesh

Blitz 08 Aug 2023

For instance, the US Internal Revenue Service (IRS) collected US$6.5 billion through the Offshore Voluntary Disclosure Program since 2009, based on information obtained from Swiss banks. Similarly, France, Italy, the UK, and Spain successfully retrieved evaded taxes and fines from taxpayers holding secret Swiss bank accounts.

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More than £36m in UK property seized in Riad Salameh money laundering probe

The National 27 Jul 2023

Upon analysing the financial flows, the French judge concluded that these funds originated from Forry's Swiss account âvia a succession of banking operations involving several offshore structures, Amanior and Westlake Commercial, of which Riad Salameh is the beneficial ownerâ, via his Luxembourg accounts, she wrote in the seizing order.

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Julius Bär to cut ties with Russian clients by 2024

Swissinfo 25 Jul 2023

The move comes as Swiss banks, hubs for offshore wealth, have entered the crosshairs of authorities, who have been using sanctions, asset freezes and criminal probes to pressure Russia’s wealthy ...

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Swiss bank Julius Baer to end business with clients in Russia-letter

Reuters 25 Jul 2023

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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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