Failure To Report Foreign Accounts Leads To $2 Million Penalty
For individuals and businesses with foreign financial accounts, strict adherence to FBAR reporting rules is essential, and ...
Lawrence Journal-World4d
Swiss open up on bank accounts
Strict penalties were imposed on Swiss bank employees for disclosing client information, including a life sentence given to one in 1943 for providing the Nazis with details of 74 account holders.
SWI swissinfo.ch10h
Ex-Credit Suisse Client Pleads Guilty to Hiding Money From IRS
A Brazilian-American businessman became the second former Credit Suisse Group AG client to plead guilty within the last week ...
UBS Braces for Most Complex Phase of Credit Suisse Integration
The banking group begins the migration of former Credit Suisse client accounts in Switzerland to the UBS platform in the ...
CRA hits taxpayer with hefty 'foreign property' penalty over Swiss bank account
There are substantial penalties for failure to file this form, as one taxpayer recently found out in a tax case decided last ...