In the News

NEW YORK – It’s the inner sanctum of Swiss banking – the heavily-guarded nexus between numbered Swiss bank accounts and their owner’s good names – and it’s the rare American that is allowed entry. Bradley Birkenfeld was one of the few Americans who held the keys to the kingdom. A Boston-born, high-flying, cross-border banker at […]

Harry Markopolos, call your office. Under little-noticed new provisions of the Dodd-Frank Wall Street reform law, whistleblowers like Markopolos who alerted the SEC to Bernard Madoff’s Ponzi scheme will for the first time be entitled to collect between 10- and- 30 percent of the money recovered by the government. And that could turn a new wave […]

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 […]