It was reported that on June 23, 2016  that the UBS Group AG has ended a legal fight with the Internal Revenue Service, agreeing to hand over records on an American client’s account in Singapore as U.S. authorities seek to move beyond Switzerland in their fight against offshore tax evasion. The case involves information that […]

A 55-year-old company director was on Wednesday (May 18) jailed for two years for money laundering. Andrew Norman Barrell, an Australian citizen, is the second person to be jailed as a “corporate money mule”. He had pleaded guilty to 20 charges: 15 counts of transferring the benefits of criminal conduct and 5 counts of obtaining […]

A former French budget minister will appear in court on charges of tax fraud and money laundering that forced him to dramatically resign three years ago in the first political scandal under President Francois Hollande. The trial of Jerome Cahuzac, once a champion in the fight against tax evasion, starts Monday afternoon in the main […]

Dozens of banks signed amnesty agreements disclosing tactics, providing prosecutors with valuable information At a rate of one or two a week, Swiss banks are doing what was once unthinkable: revealing to the world how they helped wealthy Americans cheat on their taxes. Once bastions of secrecy, 41 Swiss banks signed amnesty agreements this year […]

Criminal investigators from the US Internal Revenue Service (IRS) are investigating whether a Singapore asset-management firm accepted transfers from undeclared Swiss accounts closed by US taxpayers, the Wall Street Journal reported. Lawyers who spoke to the Journal on the matter declined to name the Singapore firm being probed but said a handful of clients were […]

The Enforcement Directorate (ED) has sought legal assistance from Singapore and Mauritius to take forward its probe in the alleged financial irregularities in the Indian Premier League tournament (IPL) and its former chairman Lalit Modi. Officials said the agency has initiated the “legal procedures” to obtain from a court two Letters Rogatories (overseas judicial requests) […]

The U.S. Department of Justice Tax Division and the Internal Revenue Service have been ramping up an intense crackdown on offshore tax evasion, and the IRS’s reduced resources due to new budget cuts is having no effect on IRS enforcement initiatives in this area. The government’s reach has extended far beyond Switzerland, where it is […]

On 11 March 2015 Graham Marchment pleaded guilty at Southwark Crown Court and was sentenced to 2.5 years imprisonment for his role in the award of contracts in a series of high-value infrastructure projects. Marchment, a British national originally from West Sussex, but resident in the Philippines in recent years. His guilty plea follows the conviction after […]