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Weekly Roundup: Swiss Firm Pays U.S. $4.4 Million for Aiding Tax Evaders, Colorado Lawmakers Say Yes to Banking Pot, and More
printSwisspartners Group agreed to pay $4.4 million and turn over client data on potential American tax evaders as part of a non-prosecution agreement with the U.S. Justice Department. The asset management firm admitted to helping U.S. customers hide assets from the IRS and agreed to take remedial steps and produce approximately 110 client files. More The controversy of hiring practices by the Financial Crimes Enforcement Network (FinCEN) centered on the bureau's failure to comply with regulations requiring that military veterans be given preference for jobs when qualified, Reuters reported. The bureau instead favored lawyers for certain positions. More Colorado's lawmakers...
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