Tweet Today, the CEO of a Swiss trust company, Josef Dorig, pleaded guilty to defrauding the IRS for his role in helping US clients set up sham foundations and trusts and keep money in Switzerland for the purpose of tax evasion. He faces a term of incarceration in a US federal prison of five years. […]
Tweet According to Bloomberg News, the AG for Switzerland opened a criminal probe of UBS AG on August 29 as a result of a complaint filed by Bruno Manser Fund, a rain-forest advocacy group, that alleged that UBS AG allowed its bank to be used to launder proceeds of crime from Musa Aman, Chief Minister […]
Tweet The Swiss authorities have arrested ten suspected members of the terrorist organization Liberation Tigers of Tamil Eelam (LTTE) for alleged extortion and money laundering to support terrorist financing. According to a statement from the Swiss Attorney General’s office, the Tamils forced Sri Lankan foreign nationals living in Switzerland to provide financial support for the […]