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Weekly Roundup: Senate to Question Tax Haven Bankers, OCC Fines Indiana Bank $500,000 for BSA Violations, and More
printThe Senate's influential Permanent Subcommittee on Investigations will hold a hearing Wednesday on the role of tax haven banks in helping wealthy Americans evade taxes. Witnesses will include representatives from a Swiss bank and the U.S. Justice Department. More After previously suggesting a wait-and-see approach, Switzerland said earlier this week that it would soon comply with the Organisation for Economic Co-operation and Development's automatic tax exchange standard. More Wealthy Chinese are using paintings, sculptures and other works of fine art to circumvent China's currency controls and funnel money out of the country, CNN.com reported. Fuzzy pricing and easy transport over...
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