Spanish authorities launched a raid on the Madrid offices on the Industrial and Commercial Bank of China (ICBC) on Wednesday (17 February) amid an investigation focusing on money laundering and tax fraud. The bank’s director was among those arrested during the raid. The operation, conducted by the Civil Guard and the Anti-Corruption Attorney’s Office, sought […]

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 […]

Sister of King Felipe allegedly failed to declare taxes and will appear in court alongside her husband, Iñaki Urdangarin Spain’s Princess Cristina has lost a legal battle to avoid being tried for tax fraud and is expected to testify next month in a corruption trial also featuring her husband and 16 other defendants. Lawyers for […]

Princess Cristina was charged on Monday by a Mallorcan court with two counts of tax fraud- http://bit.ly/1nzWywb Princess Cristina is the first member of Spain’s royal family to be put on trial, according to the Associated Press.  http://read.bi/1OIdgQN http://bit.ly/1ZOs3nj

Following the tax fraud trial expected to last six months, Spain’s Princess Cristina could face up to eight years in prison if a three-member panel of judges agrees the couple abused a real estate consulting firm described in court papers as a “front company” to bankroll a lavish lifestyle — including parties at their modernist […]

Regulation is needed in the global art market because it is vulnerable to money laundering, tax evasion, trading on inside information and price manipulation – as reported by the Financial Times blog (Jan 2015) after an FT Weekend lunch in Davos. It is indeed not much of an exaggeration to state that the art world […]

An international art dealer has gone on trial in Paris on charges of tax fraud and money laundering. Two relatives of Guy Wildenstein allegedly informed authorities of the family’s financial dealings, prompting them to demand around $602 million in back taxes. Wildenstein, 70, the Franco-American heir of a New York art-dealing empire, is accused of […]

Introduction As at today (Sept 2015) Tax offences (including tax fraud) do not constitute felonies.(2) Therefore, the proceeds (or rather, unlawful savings) of tax offences cannot form the object of a money laundering act. From January 1 2016 servicing tax fraudsters may expose financial intermediaries in Switzerland to prosecution for money laundering. With the entry […]