07/04/2013

Swiss tax agreement with UK proceeding on schedule

Under the terms of the agreement UK clients had until the end of May 2013 to decide whether to regularise the past by opting to pay the one-off flat-rate withholding tax or disclosing their assets to the UK tax authorities.

07/04/2013

Credit Suisse puts UK tax deal hit at $94m

Swiss bank Credit Suisse said on Friday it sees a maximum hit of 90 million Swiss francs ($94.1 million) from a British-Swiss tax deal aimed at sweeping Swiss banks clean of undeclared money held in accounts of UK clients.

07/04/2013

Germany strikes pact with U.S. to fight tax evasion

Germany approved new legislation on Friday that will assist the United States in cracking down on tax evasion by its citizens, joining a series of countries to strike such deals with Washington.

07/02/2013

HSBC wins OK of record $1.92bn money-laundering settlement

A federal judge has approved HSBC Holdings Plc's record USD 1.92 billion settlement with federal and state investigators of charges that it flouted rules designed to stop money laundering and thwart transactions with countries under US sanctions