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Midweek Roundup: U.K. Bolsters AML Rules, IRS Pays Whistleblower $104 Million, and More
printThe IRS paid former UBS AG banker Bradley Birkenfeld $104 million this week for turning over information that led to a $780 million settlement the bank paid in 2009 for aiding U.S. tax evaders, The Wall Street Journal and others reported. More Swiss lawmakers told Reuters that Birkenfeld, who served two and a half years in prison for his role in the cover-up, should not have been rewarded for breaking the law. More The United Kingdom updated its money laundering rules Monday in an effort to reduce the regulatory burden on low-risk businesses and strengthen the jurisdiction's overall framework. More...
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