News
printRelated News
European Union officials discussed plans Tuesday to cooperate with a U.S. law aimed at tax evaders, and the expected introduction of a new model agreement for related, reciprocal data exchanges.
As European countries continue to fold to international pressure to increase their financial transparency, Austria's defense of bank secrecy may be a selling point to money launderers, say compliance experts.
More than a month after criticism from EU officials, Austria and Luxembourg continue to bar the European Commission from negotiating agreements meant to curb tax evasion, say sources.
More sensitive diplomatic communiqués leaked by Wikileaks.org, prosecutions against former UBS AG account holders for tax evasion continue, and more, in this week's roundup.
The release of hundreds of U.S. State Department cables as part of a massive leak of sensitive diplomatic communiqués is likely to prompt bank compliance departments to tweak risk rankings.
