Harry Cassin
Publisher and Editor
Andy Spalding
Senior Editor
Jessica Tillipman
Senior Editor
Bill Steinman
Senior Editor
Richard L. Cassin
Editor at Large
Elizabeth K. Spahn
Editor Emeritus
Cody Worthington
Contributing Editor
Julie DiMauro
Contributing Editor
Thomas Fox
Contributing Editor
Marc Alain Bohn
Contributing Editor
Bill Waite
Contributing Editor
Shruti J. Shah
Contributing Editor
Russell A. Stamets
Contributing Editor
Richard Bistrong
Contributing Editor
Eric Carlson
Contributing Editor
Image courtesy of the World Bank GroupOn Friday April 17, the World Bank Group will host a program that discusses the importance of strengthening global action to reduce and deter tax evasion.… Continue Reading
Lugano-based BSI SA on Monday became the first bank to use a DOJ amnesty program to resolve potential criminal offenses for helping U.S. taxpayers use secret accounts and offshore shell companies to evade taxes.… Continue Reading
Prosecutors in Switzerland searched the offices of HSBC’s private bank in Geneva Wednesday as part of an investigation into money laundering.
The Geneva prosecutor’s office said it opened a criminal inquiry into possible money laundering against HSBC Private Bank (Suisse).… Continue Reading
More than 77,000 foreign banks and other financial institutions agreed to share information about U.S. account holders with the Internal Revenue Service as part of a crackdown on offshore tax evasion, the Treasury Department said Monday.
Photo courtesy of Credit Suisse via YouTubeAfter a multi-year investigation into Credit Suisse’s use of illegal offshore bank accounts, the DOJ Monday announced the bank’s guilty plea and the largest-ever monetary penalty in a criminal tax case.… Continue Reading
Here’s the full FCPA disclosure from HP’s Form 10-K filed with the SEC on March 11, 2014:
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… Continue ReadingThe German Public Prosecutor’s Office (“German PPO”) has been conducting an investigation into allegations that current and former employees of HP engaged in bribery, embezzlement and tax evasion relating to a transaction between Hewlett-Packard ISE GmbH in Germany, a former subsidiary of HP, and the General Prosecutor’s Office of the Russian Federation.
José Manuel Barroso, President of the European Commission (image courtesy of the EC)The European Commission issued two proposals Tuesday to respond to new threats from money laundering and terrorist financing.… Continue Reading
Senator Carl Levin, D-MICredit Suisse agreed last Friday to pay $196.5 million and admit wrongdoing to settle charges that it provided cross-border brokerage and investment advisory services to U.S. clients without first registering with the SEC.… Continue Reading
Here’s the full FCPA disclosure from the Form 10-K filed by the Hewlett-Packard Company with the SEC on December 27:
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The German Public Prosecutor’s Office (“German PPO”) has been conducting an investigation into allegations that current and former employees of HP engaged in bribery, embezzlement and tax evasion relating to a transaction between Hewlett-Packard ISE GmbH in Germany, a former subsidiary of HP, and the General Prosecutor’s Office of the Russian Federation.… Continue Reading
Prosecutors in Romania launched a criminal investigation into foreign-controlled Rosia Montana Gold Corporation (RMGC), the company operating the largest open-pit gold mine in Europe. The investigation is focusing on money laundering and tax evasion, according to a report by the Organized Crime and Corruption Reporting Project here.… Continue Reading
The U.S. District Court for the Southern District of New York has authorized the IRS to issue summonses requiring five banks to produce records relating to the U.S. accounts they hold at certain institutions located abroad.… Continue Reading
San Diego, Calif. (Feb. 18, 2005) – Congressman Randy “Duke” Cunningham (R-CA) delivers a speech aboard the aircraft carrier USS Ronald Reagan (Photo courtesy of Wikimedia Commons)Every fall, I co-teach an Anti-Corruption Seminar at GW Law School.… Continue Reading
