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

    … out of the country is illegal. Of course, a ready black market opened to smooth the way for corrupt officials who want to get their money out of Venezuela. The country has also become much more violent. Kidnappings and homicides are off the charts. When Chavez took power the murder rate was less than 20 per 100,000 people. Now it hovers around 100…

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

    … does not do business (wire transfers to Swiss accounts)? Often the intermediary will have no staff or not be equipped to handle the job for which it is contracted. For example, there is a big red flag if an American business contracts with an outside “sales agent” and that sales agent has no sales staff or is nothing more than a retired government…

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

    …. Many of those companies are “nominees” or shell companies. Simply a device to park money and shield one’s identity from regulators. Owning a foreign account is not illegal in most countries including the United States. We live in such a mobile economy that many of us have businesses interests or families in other countries. Some people simply…

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

    … a video link. He was scheduled to come to Miami and meet with several whistleblower lawyers but was afraid to leave France. We had to settle for a video conference. Falciani was staying in France to avoid arrest by Swiss authorities. Because he holds both French and Italian citizenship, he cannot be extradited from those countries. Despite Falciani…

    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)

    … be reported. Foreign accounts are reported on one’s individual income tax return and on an FBAR, Report of Foreign Bank and Financial Accounts. The willful failure to file an FBAR is a felony punishable by up to 5 years. Taxpayers who create fictitious account names (called nominee entities or shell companies) can also be charged with tax evasion…

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

    … Cantonale du Jura, just like Reichmut, they assisted their US clients in hiding their assets from the IRS, even allowing them to register an account under a pseudonym. (Nominee accounts or shell companies with no legitimate business purpose are a huge red flag for the IRS.) A Safe Way to Disclose Your Offshore Assets If you have or had an account at one…

    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

    … taxpayers move money from bank to bank in anticipation of IRS activity. Others helped their customers create sham shell companies in third party names. The fines levied against SB Saanen and Bellerive are quite modest. The Justice Department says that Privatbank Bellerive AG will pay just $57,000. The real implications aren’t the fines…

    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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