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Jen Zhang et al v. USA: Petition to Quash IRS Summons

June 16, 2021 - Petition to Quash Third-Party Summons Issued to Wells Fargo Bank N.A. by the IRS in Jen (Hwa Yu) Zhang and Charles (Zhi Yu) Zhang, Canadian citizens who are "targets of a criminal investigation in Canada" that alleges "violations of the Customs Act, the Criminal Code, the Excise Tax Act, and the Special Import Measures Act" v. USA at the U. S. District Court for the Northern District of California.

USA v. Swiss Life: Forfeiture Complaint

June 10, 2021 - Forfeiture Complaint regarding $35 million associated with alleged tax evasion activity by "Swiss Life Holding AG, a Swiss insurance holding company, and three of its subsidiaries, Swiss Life (Liechtenstein) AG, Swiss Life (Singapore) Pte. Ltd., and Swiss Life (Luxembourg) S.A." in USA v. $35 Million at the U. S. District Court for the Southern District of New York.

Jonathan Christenbury v. Keithley Lake et al: Judgment

June 01, 2021 - Judgment in Jonathan David Christenbury v. Keithley F.T. Lake and First Fidelity Trust Limited at the High Court of Justice of Saint Christopher and Nevis.

USA v. John Glaister: Complaint

May 27, 2021 - Complaint under the Bank Secrecy Act to collect penalties totaling $300,000 for allegedly failing to disclose "a financial interest in an account at National Westminster Bank plc, also known as NatWest, in the United Kingdom" in USA v. John Glaister, described as "a professional real estate consultant with foreign clients, including in Germany and Scotland", at the U. S. District Court for the Southern District of New York.

USA v. David Sinyavskiy: Complaint

May 17, 2021 - Complaint "to reduce to judgment and collect outstanding civil penalties" totaling $80,724 for "non-willful failure to timely report his financial interest in foreign bank accounts" involving an account at Rothschild Bank AG, in Zurich, Switzerland, in USA v. David Sinyavskiy, described as a former resident of Ukraine who became a United States citizen, at the U. S. District Court for the Eastern District of New York.

USA v. Swiss Life Holding AG et al: Criminal Information

May 14, 2021 - Criminal Information alleging conspiracy to defraud the United States in USA v. Swiss Life Holding AG, of Switzerland; Swiss Life (Liechtenstein) AG, of Liechtenstein; Swiss Life (Luxembourg) SA, of Luxembourg, and Swiss Life (Singapore) Pte. Ltd., of Singapore, at the U. S. District Court for the Southern District of New York.

USA v. Swiss Life Holding AG et al: Deferred Prosecution Agreement

May 14, 2021 - Deferred Prosecution Agreement, with exhibits that include a Criminal Information, Statement of Facts, and Forfeiture Complaint, in USA v. Swiss Life Holding AG, of Switzerland; Swiss Life (Liechtenstein) AG, of Liechtenstein; Swiss Life (Luxembourg) SA, of Luxembourg, and Swiss Life (Singapore) Pte. Ltd., of Singapore, who agreed to pay $77 million to settle a criminal charge of what the USA described in an accompanying news release as "conspiring with U.S. taxpayers and others to conceal from the Internal Revenue Service more than $1.452 billion in offshore insurance policies, including more than 1,600 insurance wrapper policies, and related policy investment accounts in banks around the world and the income generated in these accounts", filed at the U. S. District Court for the Southern District of New York.

Cairn Energy Plc et al v. Air India Ltd.: Complaint

May 14, 2021 - Complaint "to determine and resolve questions of actual controversy involving the relationship between India's wholly-owned national airline, Air India, and India, and in particular, whether Air India is the alter ego of India" and for "a money judgment adjudging that Air India is jointly and severally liable to satisfy the judgment Plaintiffs expect to be awarded against India based on a pending petition to confirm an arbitration award" for $1.2 billion in Cairn Energy Plc and Cairn UK Holdings Limited, both of Scotland v. Air India Ltd., of India, at the U. S. District Court for the Southern District of New York.

Brazil: Carlos Antonio Lemos da Fonseca et al

May 07, 2021 - Application for the appointment of a Commissioner to collect evidence from Ocean Bank - pursuant to a request for judicial assistance from Brazil - for a criminal investigation into "Carlos Antonio Lemos da Fonseca, Brasita Cigarros Industria e Comercio Ltda., and other individuals for six offenses, specifically, tax fraud, false statement, falsification of public seal or sign, criminal organization, unauthorized exchange operation, and money laundering".

USA v. MoneyGram: 'John Doe' Summons Petition

May 04, 2021 - Ex Parte Petition for Leave to Serve 'John Doe' Summons as part of an IRS investigation into U.S. taxpayers who are suspected of tax evasion using the services of Panama Offshore Legal Services, described as "a Panamanian firm that assists clients in concealing their beneficial ownership of assets", in USA v. MoneyGram Payment Systems Inc. at the U. S. District Court for the District of Minnesota.

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.