Search Results for: Swiss bank
Switzerland: Former Banker Is Charged
July 10th, 2014
A Swiss prosecutor brought charges on Wednesday against Rudolf Elmer, a former banker in the Cayman Islands with the Swiss bank Julius Baer, saying he handed over confidential data to WikiLeaks’s founder, Julian Assange, and tried to pass on ...
Singapore Says More Overseas Criminals Seek Bank Accounts
July 2nd, 2014
Singapore prosecuted a record number of money laundering cases and seized more than S$115 million ($92 million) of suspected criminal proceeds in 2013 as more overseas offenders seek out bank accounts in the city. “Singapore’s openness as an international ...
Dukascopy Bank SA introduces a new rollover policy
June 16th, 2014
Dukascopy Bank SA has announced a new rollover policy, starting from June 30, 2014 where two additional rollover schemes will be available: Premium and Advanced. The clients will be automatically switched between the schemes at the end of a ...
FINMA announces “Accounting – banks” circular
June 4th, 2014
The Swiss Financial Market Supervisory Authority FINMA has published today the definitive version of the new circular “Accounting – banks”. The new circular is based on the Banking Ordinance that has been adopted and fully revised by the Federal ...
Switzerland informs UK over Bank Deposit Movements
June 3rd, 2014
Swiss banks were required to hand over information about deposit movements to UK authorities by May 31, 2014, to support UK efforts to track down untaxed income. This was required under an agreement between the UK and Switzerland, which ...
Central Bank Gold Agreement
May 19th, 2014
ECB and other central banks announce the fourth Central Bank Gold Agreement as follows: The European Central Bank, the Nationale Bank van België/Banque Nationale de Belgique, the Deutsche Bundesbank, Eesti Pank, the Central Bank of Ireland, the Bank of ...
Barclays, Credit Suisse Battle Banker Exodus, Legal Woes
May 5th, 2014
Barclays Plc (BARC), Credit Suisse Group AG and UBS AG (UBSN) will face questions this week about key banker departures, legal challenges and their efforts to boost profitability. Barclays last week lost three top bankers in the U.S. and ...
The billion-dollar bash – how post-crisis investigation work is changing the way law firms advise banks
April 11th, 2014
With banks setting aside eye-watering sums of money to meet liabilities generated by the fallout from the financial crash, in-house legal departments and law firms are having to rethink their business models. Alex Newman reports By any standards, $23bn ...
NY bank regulator Lawsky seeks documents from Credit Suisse: source
April 7th, 2014
Benjamin Lawsky, New York’s financial services superintendent, has sought documents from Credit Suisse to examine whether Switzerland’s second-biggest bank lied to New York authorities about engineering tax shelters, said a source familiar with the matter. Switzerland’s private banking model ...
HMRC to be £2.2bn short on Swiss deal target, PAC told
March 12th, 2014
SIGNIFICANTLY LESS than the £3bn target will be generated through the tax deal targeting UK residents with accounts in Switzerland, HM Revenue & Customs directors have told the Public Accounts Committee. Tax assurance director Edward Troup and director-general Jim ...
