Tensions between Swiss banks and the United States justice authorities should ease up in 2015, Finance Minister Eveline Widmer-Schlumpf has said on the sidelines of the joint International Monetary Fund and World Bank spring meetings in Washington. The minister said she had received positive signals that this year would bring solutions to the conflict, a […]

An Indian-origin former leader of a now defunct Hindu temple in Georgia has been sentenced to 27 years in prison for committing bank and tax frauds, money laundering and using the temple’s income to fund his personal lifestyle. Annamalai (49), also known as Swamiji Sri Selvam Siddhar, was in August last convicted for bank and […]

PayPal has agreed to pay $7.7 million to settle charges that it violated numerous sanctions programs against countries that include Iran, Cuba and Sudan, according to the U.S. Treasury Department. For several years up to and including 2013, PayPal is accused of failing to employ adequate screening technology and procedures to identify the potential involvement of […]

A long-running corruption investigation involving a mining company controlled by one of Israel’s richest men could yield up to a half-dozen indictments in the U.S., according to people familiar with the matter. In a briefing last month, U.S. prosecutors told Guinean government officials that senior executives at BSG Resources Ltd. were among some of the […]

On Monday, 9 March 2015, President Obama signed an executive order http://1.usa.gov/1E6wwUE declaring a national emergency to deal with the threat to US national security and foreign policy posed by “the Government of Venezuela’s erosion of human rights guarantees, persecution of political opponents, curtailment of press freedoms, use of violence and human rights violations and abuses […]

Some of the folks down at the IRS may have been ‘confused‘ about how to apply the tax exempt organization rules, especially those rogue employees in Cincinnati. But the IRS isn’t confused at all about the power of FATCA, the Foreign Account Tax Compliance Act. It is America’s global tax reporting law. Never before has […]

BIRMINGHAM, Alabama – A Hoover man was charged today with fraud and money laundering in connection with an illegal Ponzi scheme in which investors lost more than $3 million, federal and state officials announced today. Bryan W. Anderson, 40, is charged with one count each of wire fraud, money laundering and securities fraud, according to […]

Another high level Swiss banker has been charged with conspiring to evade U.S. taxes. The latest indictment is of Martin Dunki, formerly Senior VP at Swiss private bank Rahn & Bodmer. He lives in Switzerland and has not been arrested, but has been charged with one count of conspiracy to defraud the IRS. It carries […]