News

The U.K. tax authority has set sights on hundreds of British customers of Euro Pacific Bank, a San Juan, Puerto Rico-based institution shuttered by local regulators this month amid a global investigation into tax evasion and money laundering. Puerto Rico's Office of the Commissioner of Financial Institutions issued a cease and desist order Thursday to stop Euro Pacific Bank from operating, three years after the joint chiefs of global tax enforcement, or J5, a coalition of tax authorities from Britain, Australia, Canada, the Netherlands and the United States, launched a major investigation into the company. The case has thus far...