Swiss

Switzerland (German: Schweiz [ˈʃvaɪts]; French: Suisse [sɥis]; Italian: Svizzera [ˈzvittsera]; Romansh: Svizra [ˈʒviːtsrɐ] or [ˈʒviːtsʁːɐ]), officially the Swiss Confederation (Latin: Confoederatio Helvetica, hence its abbreviation CH), is a federal parliamentary republic consisting of 26 cantons, with Bern as the seat of the federal authorities, the so-called Bundesstadt aka "federal city". The country is situated in Western and Central Europe, where it is bordered by Italy to the south, France to the west, Germany to the north, and Austria and Liechtenstein to the east.
Posts about Swiss
  • Venezuela Public Corruption and Fraud: More Whistleblowers Needed

    …! Business Between a Rock and a Hard Place No legitimate business wants to pay bribes and offer kickbacks but doing business in Venezuela without offering bribes can be difficult. Fail to pay off a key official and you could find your business closed or permits denied. Many would-be whistleblowers are afraid of reprisals and physical violence…

    Due Diligence- 15 readers -
  • Bribery & Corruption = FCPA Whistleblower Awards

    … Practices Act (FCPA). Those prosecutions can also pay large whistleblower awards. The SEC has a fairly new and robust whistleblower program. While many people think the SEC’s whistleblower awards are limited to securities fraud, awards are also available for FCPA violations involving accounting improprieties and bribery. This post is only concerned…

    Due Diligence- 16 readers -
  • Panama Papers… Who is Next (IRS Whistleblower Post)

    … politicians and drug cartels. The IRS Whistleblower Program is interested in all of these folks. Earlier this month the international financial world was rocked by the news that a prominent Panamanian law firm, Mossack Fonseca, had been hacked. The so-called Panama Papers contains about 11.5 million documents detailing information on 214,000 companies…

    Due Diligence- 20 readers -
  • Swiss Convict Tax Whistleblower in Absentia

    … remaining in France, a federal court in Switzerland convicted him late last year of industrial espionage. His crime? Being a tax whistleblower. Falciani once worked at HSBC Private Bank in Geneva. As an IT expert, he had wide access to HSBC’s customer accounts. In 2008, he took over 100,000 accounts and gave the information to the French…

    Due Diligence- 17 readers -
  • Nevada and Wisconsin Men Convicted in $10 Million Fraud Scheme

    … of conspiracy, wire fraud and securities fraud. In the fraud scheme the two worked with a Swiss company, Malom Group AG (Malom an abbreviation for Make A Lot of Money). The team asked investors for up-front payment to access investment opportunities and to make cash loans for a profit. They were accused of forging bank documents to deceive investors…

    Eccleston Law Offices- 13 readers -
  • New Haven Register

    … on a sophisticated tax evasion plan by Swiss bank UBS. It turns out the bank had helped account holders defraud the federal government of nearly $20 billion… The post New Haven Register appeared first on Mahany Law. …

    Due Diligence- 26 readers -
  • The Long Arm of the IRS (Tax Evasion Post)

    … Peter Canale is the Latest Brother to Get Caught Up in a Tax Evasion Scheme Involving Unreported Swiss Accounts Uncle Sam has become quite adept at ferreting out foreign bank accounts. Get caught with an unreported offshore account and you could even wind up in prison. One man in Kentucky thought he could outsmart the IRS by hiding his…

    Due Diligence- 41 readers -
  • More Swiss Banks Have Reach FATCA Deal with US

    … Over 20 Swiss Banks Cooperating with FATCA and US Authorities and the List Grows Weekly! Only one week after the Department of Justice announced that PKB Privatbank AG, Falcon Private Bank AG, and Credito Privato Commerciale in Liquidazione SA had reached resolutions under the Swiss bank program, a new official press release revealed…

    Due Diligence- 35 readers -
  • UBS Whistleblower Loses Round I of Lawsuit

    … might ride into the sunset. That’s not Bradley and he isn’t done yet. Birkenfeld is the highest paid whistleblower in U.S. history. In 2009 he blew the whistle on Swiss bank UBS and told the IRS how the bank was helping Americans hide their money and evade taxes. Ultimately UBS would pay a fine of $780 million. Birkenfeld’s whistleblowing…

    Due Diligence- 42 readers -
  • 2 More Swiss Banks Settle with US in FBAR Probe

    … SB Saanen and Privatbank Bellerive Have Agreed to Cooperate with the IRS At least once a week we report on the latest Swiss bank or banks settling with the government. This week is no exception. According to the Justice Department’s Tax Division, Privatbank Bellerive AG and SB Saanen are the latest two Swiss banks to cooperate…

    Due Diligence- 31 readers -
  • Two More Swiss Banks… FBAR Post

    … Are there any Swiss banks that haven’t agreed to cooperate with the IRS? Probably not! The push to find unreported foreign accounts began in 2009 with the deferred prosecution of Swiss banking giant, UBS. Bradley Birkenfeld, a former UBS private banker, blew the whistle on his former employer and promptly earned a $104 million whistleblower…

    Due Diligence- 13 readers -
  • Bank Linth and Bank Sparhafen Cooperate with IRS

    … Bank Linth and Bank Sparhafen Cooperate with IRS Two more Swiss banks have agreed to pay million dollar fines and cooperate with the United States government. Bank Linth LLB AG and Bank Sparhafen Zurich AG have settled this week with the Justice Department. Both the IRS and Justice have been zealously pursuing banks around the world…

    Due Diligence- 37 readers -
  • Alleged Tax Evader Loses Transfer Bid (FBAR Post)

    … conspiracy last occurred in 2001 when Peter and Michael met with a Swiss financial consultant named Beda Singenberger and a UBS client advisor from Switzerland, Hans Thomann. The feds believe that Singenberger met with the brothers in New York and helped them hide their money offshore. If you have an unreported foreign account, it is easy…

    Due Diligence- 15 readers -
  • Don’t Miss the Next FBAR Deadline

    … to report information about accounts held by US taxpayers. This includes numerous Swiss banks and financial institutions based out of “fiscal paradises;” a kind of paradise the new legislation is steadily eradicating. A tax evasion report by the US Government Accountability Office revealed that by December 2012 the IRS’s offshore programs had resulted…

    Due Diligence- 11 readers -
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