US businessman fined $4 million over secret Swiss account 30/01/2015 A wealthy US businessman, George Landegger, has pleaded guilty to failing to file Reports of Foreign Bank and Financial Accounts (FBARs) with the IRS regarding secret Swiss bank accounts that he maintained and controlled at a Swiss private bank headquartered in Zurich, Switzerland.
Jersey sees 13 percent rise in high value corporate listings 29/01/2015 The number of Jersey companies listed on exchanges around the world has hit a high of 110, an increase of 13 percent since 2013. The total market capitalisation of those companies rose, too, by a notable 62 percent year-on-year, reaching £269 billion in 2014.
Italian police investigators search Credit Suisse Milan offices 08/01/2015 Credit Suisse confirmed that its offices in Milan were searched by Italian tax police last month, following reports of an investigation into whether a subsidiary of the Swiss bank in Bermuda aided wealthy Italians in hiding undeclared funds.
Is banking secrecy obsolete, asks Coutts? 06/01/2015 Coutts Trustees unequivocally supports the commitments of countries all over the world to combat tax fraud and evasion, declares Martin Hall the chief executive of the Coutts offshoot.