Press Room

The Swiss media have described parliament’s acceptance of the UBS-IRS agreement as an important step in ending the sanctity of banking secrecy. On Thursday, parliament sealed the deal allowing the United States access to confidential UBS data on bank clients suspected of tax evasion.   “Reason has prevailed after all,” is how the Neue Zürcher […]

ZURICH-Swiss legislators approved a law that clears the way for the government to hand over the names of thousands of alleged U.S. tax evaders to the Internal Revenue Service, dodging the risk that the U.S. would reopen a bruising tax case against Swiss bank UBS AG. Final passage of the law had been hung earlier […]

WASHINGTON — Senator Chuck Grassley today asked the Treasury secretary and IRS commissioner for an accounting of what U.S. government officials have done with information provided more than three years ago by a whistleblower regarding tax evasion.  The U.S. Department of Justice acknowledged that former UBS employee Bradley Charles Birkenfeld’s information was pivotal in exposing […]

Washington, D.C. July 15, 2010. The Wall Street Reform and Consumer Protection Act (H.R. 4173)passed 60-39 by Congress today includes a number of provisions designed to protect employees who report fraud in the commodity and stock exchanges. The NWC website has information on the specific whistleblower sections. The bill includes a qui tam provision that provides […]

Washington D.C. June 17, 2010. In an unprecedented move the Swiss parliament voted to approve a deal between the Department of Justice (DOJ) and UBS in which UBS has agreed to turn over the names of 4,450 U.S. citizens who held secret and illegal bank accounts at UBS. Lindsey M. Williams, Director of Advocacy and Development of […]