Daily news, documents and intelligence about Offshore Financial Centers and those who conduct business in them that you will not find anywhere else.

Dan Reeves

Daniel Reeves served as an IRS Agent for 35 years specializing in offshore tax and anti-money laundering investigations. At the time of his retirement in 2012, he held the position of Senior Advisor on offshore matters in IRS’s Large Business & International Division where he guided the creation of IRS’s Offshore Compliance Initiative, a program that develops strategies, projects, methodologies, and techniques for identifying and bringing back into compliance United States taxpayers who use offshore structures and financial arrangements for tax avoidance or tax evasion purposes.

Reeves developed many of the investigative programs, projects, techniques and procedures currently being used by IRS to identify U.S. taxpayers with offshore bank accounts. He led a number of high-profile international investigations that involved the use of John Doe summonses to obtain offshore banking records including UBS AG of Switzerland, HSBC India, the Stanford Financial Group in Antigua and others. Those investigations, together with publicity surrounding related criminal investigations conducted by the U.S. Department of Justice, are credited with lifting the veil of secrecy surrounding Swiss bank secrecy laws and have led to more than 39,000 persons coming forward voluntarily to declare hidden offshore accounts and the recovery of more than 5.5 billion U.S. dollars in back taxes and penalties to date.

Reeves is the founder and principal consultant of the Offshore Compliance & Enforcement Consulting Group (OCECG), a network of former federal agents and attorneys that provide consulting, training and subject matter expertise from a law enforcement and regulatory compliance perspective on a variety of issues related to the use of offshore entities, structures and financial arrangements for abusive or illegal financial activities including tax evasion and money laundering. He also speaks frequently at national and international conferences as a subject matter expert on financial secrecy, offshore tax evasion and casino anti-money laundering programs.

We hunt for red flags in high-value, cross-border finance by monitoring offshore and onshore courts, regulatory actions, offering documents, and other sources - and email you the results.

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Cayman Court Secrecy: A Huge Red Flag for Foreign Investors & Clients
David Marchant
As any fule kno, the biggest enemy of fraud, corruption, money laundering, and other forms of financial crime is transparency, while their best friend is secrecy. That's why the unprecedented mass sealing of cases that's taking place at the Financial Services Division of the Grand Court of the Cayman Islands is repugnant to anyone with a genuine concern for financial crime.