Search results
Results From The WOW.Com Content Network
UBS Group AG building in St. Gallen.UBS maintains strict banking secrecy practices which have been used to facilitate tax evasion. The Swiss investment bank and financial services company, UBS Group AG, has been at the center of numerous tax evasion and avoidance investigations undertaken by U.S., French, German, Israeli, and Belgian tax authorities as a consequence of their strict banking ...
Bradley Charles Birkenfeld (born February 26, 1965) is an American private banker, Author of Lucifer's Banker, convicted felon, and whistleblower.During the mid- to late-2000s, he made a series of disclosures about UBS Group AG clients, in violation of Swiss banking secrecy laws, to the U.S. government alleging possible tax evasion.
In 2008, the U.S. Federal Bureau of Investigation began probing a multimillion-dollar tax evasion case involving UBS due to disclosures made by Brad Birkenfeld, a former UBS banker in Switzerland, who was arrested entering the United States and cooperated with the US Department of Justice, the US Securities and Exchange Commission, and the US ...
On the very first day of a trial in France, Swiss bank, UBS Group AG (UBS), its French unit and six executives under purview of tax fraud and money laundering allegations.
Swiss bank, UBS Group AG (UBS) and its French unit penalized with EUR 4.5 billion ($5.1 billion), including civil damages of EUR 800 million, by the French trial court.
Last week, the Swiss banking giant agreed to pay $780 million in fines and turn over the names of 250 U.S. clients. Investigators are now seeking the names of 50,000 more. Investigators are now ...
On 19 February 2009, the US government filed suit against UBS to reveal the names of all 52,000 U.S. customers, alleging that the bank and these customers conspired to defraud the US tax authority IRS of legitimately owed tax revenue. [10] However revealing customer names was contrary to Swiss law and put UBS in a difficult position.
For premium support please call: 800-290-4726 more ways to reach us