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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.
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.
Five clients of Swiss bank UBS (UBS) received criminal indictments for tax evasion Thursday in what may ultimately become a dragnet of sorts for those caught up in the UBS overseas asset ...
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 ...
When Swiss financial giant UBS admitted it conspired to help U.S. citizens avoid paying taxes by letting them stash their fortunes in secret bank accounts, prosecutors hailed it as a victory for ...
Swiss bank UBS is set to shell out more than $1.4 billion to settle accusations of “historic” fraud relating to its role in the 2008 financial crisis. ... “Under the terms of the settlement ...