In tax evasion hunt, Australia finds scores of Swiss accounts still active. Hundreds of secret Swiss bank accounts identified by Australian authorities as part of a global tax evasion and money laundering investigation are still in use, a top tax official said on Wednesday. Coordinated raids on scores of suspicious bank accounts began last week […]

A tax evasion tip-off, apparently relating to Swiss bank Credit Suisse, has led to raids in five countries, including the UK. Authorities in the Netherlands said the probe related to as many as 55,000 suspect accounts held at a Swiss bank. Officials refused to identify which bank but Credit Suisse later released a statement to […]

The Financial Industry Regulatory Authority said Monday it fined Credit Suisse Securities (USA) LLC $16.5 million for anti-money laundering and supervision violations. * FINRA says it fines Credit Suisse unit $16.5 million for significant deficiencies in its anti-money laundering program * FINRA says fine is imposed against Credit Suisse Securities (USA) LLC * FINRA says […]

Probe puts Swiss bank back in Justice Department’s crosshairs after $2.6 billion settlement two years ago over American customers’ taxes authorities are investigating Credit Suisse Group AG’s operations in Israel, people familiar with the matter said, once again placing the Swiss bank under Justice Department scrutiny related to its handling of American clients. The Justice […]

After a six year long criminal investigation by the U.S. Department of Justice, Credit Suisse AG pleaded guilty in federal court on May 19, 2014 to federal charges that it had engaged in a decades long criminal conspiracy to aid and assist U.S. taxpayers in filing false income tax returns and other documents with the […]

The US Federal Reserve has barred five Swiss bankers from participating in the banking industry. The bankers were all criminally indicted in the US in 2011 for their alleged role in the tax evasion conspiracy that Credit Suisse pleaded guilty to last year. The bankers have remained safe from extradition and have yet to voluntarily […]

From bundles of cash inside scraps of newspaper to setting up shell companies, the trial in Florida of a former UBS executive is a reminder of the extreme methods some Swiss bankers used to hide clients’ cash.  Raoul Weil, 54, is the highest ranking Swiss banker to be arrested in the United States and prosecutors […]

Since 2007, American prosecutors have charged more than four dozen American clients of Swiss banks, including UBS and Credit Suisse and nearly three dozen foreign bankers, lawyers and financial intermediaries involved with secret offshore accounts have been indicted. Since 2009 The IRS has sponsored offshore voluntary disclosure programs that HAS brought in at least $6.5 […]