Tag: Switzerland

• Thursday, June 18th 2015 - 05:01 UTC

  Switzerland pulling the noose: evidence of 53 FIFA suspicious banking reports

  

  Swiss authorities say they have evidence of 53 suspicious FIFA-linked banking relations reported by Swiss banks. Under the Anti-Money-Laundering Framework of Switzerland, banks are required to report any suspicious activity that happens within their accounts. Some of the 53 suspicious reports are among 104 banking relations already known by the investigators.

• Wednesday, January 21st 2015 - 06:33 UTC

  Denmark, following on Switzerland, forecasted to remove Krone's peg to the Euro

  

  Denmark has cut its key interest rate to prevent the Krone from strengthening in the wake of Switzerland's decision to scrap the franc's peg to the Euro. There has been speculation that Denmark could follow the Swiss move by removing the Krone's link to the Euro.

• Friday, December 12th 2014 - 06:43 UTC

  Switzerland charges former HSBC analyst with industrial espionage

  

  Switzerland has charged a former computer analyst at HSBC's private bank in Geneva with industrial espionage and breaching the country's secrecy laws for passing confidential client data to foreign authorities.

• Monday, October 20th 2014 - 07:47 UTC

  Switzerland and Argentina closer to deal on double taxation and sharing tax information

  

  Switzerland took a step forward on implementing its double taxation agreement (DTA) with Argentina as the Federal Council adopted the dispatch on the deal and submitted it to parliament for approval. Meanwhile, in Argentina the agreement has already been passed by the Foreign Affairs and Budget Committees of the Lower House and was cleared for debate.

• Thursday, October 18th 2012 - 00:57 UTC

  Hedge funds targeting Argentina miss the target: BIS deposits free from embargoes

  

  Switzerland’s government rejected a law suit filed by US hedge funds asking to set an embargo on Argentina's assets deposited in Switzerland based Bank for International Settlements as they claim the payment of a 1 billion dollars debt.

• Sunday, September 4th 2011 - 23:51 UTC

  Washington demands Swiss banks hand over information on US citizens dodging taxes

  

  The United States has written to Switzerland to demand it hands over detailed information this week on its citizens using Swiss accounts to dodge tax or see Credit Suisse and nine other banks face charges, newspapers reported.

• Monday, February 14th 2011 - 03:40 UTC

  UK frauds’ office looking for Mubarak’s cash and assets, says Sunday Times

  

  A British government minister said on Sunday there should be an international approach to dealing with the overseas assets of deposed Egyptian president Hosni Mubarak and his family.

• Friday, February 11th 2011 - 21:02 UTC

  Switzerland freezes assets that may belong to ex President Mubarak

  

  Switzerland has frozen assets that may belong to Hosni Mubarak, who stepped down on Friday as president of Egypt after 30 years of rule, the foreign ministry said.

• Wednesday, February 2nd 2011 - 16:39 UTC

  ‘Lex Duvalier’ enables Switzerland to confiscate and repatriate illicit dictator assets

  

  Switzerland has moved to confiscate frozen assets linked to former Haitian dictator Jean-Claude Duvalier. The Swiss cabinet asked Finance Minister Eveline Widmer-Schlumpf to begin proceedings to seize around 6.2 million US dollars that has been frozen in Swiss bank accounts since 1986, with a view to returning the funds to the Haitian people.

• Monday, December 20th 2010 - 05:17 UTC

  Stolen fiscal “wikileaks” earn the German treasury 1.6 billion Euros

  

  German tax authorities recovered 1.6 billion Euros this year from citizens who had stashed their cash in secret accounts in Liechtenstein and Switzerland, according to the weekly Der Spiegel.