Weekly Roundup: Germany and Switzerland Near Tax Deal, Fintrac Fines Credit Union for AML Violations, and More

Officials in Germany and Switzerland are pushing to sign a revised withholding tax agreement by the end of the month, Reuters said Friday. The treaty, which would impose a tax on accounts held by wealthy German clients at Swiss banks, will help Switzerland maintain its bank secrecy standards, according to the news agency. More On Tuesday, the U.K. and Switzerland agreed to allow the British government to tax certain Swiss accounts held for British clients. More The Financial Transactions and Reports Analysis Centre of Canada fined a savings and credit union $40,520 Thursday for its failure to implement an adequate...