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

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Jeffrey Cooley: Sentencing Announcement

January 16, 2020 - News Release by the United States Department of Justice announcing the sentencing for filing a false tax return of Jeffrey Cooley, described as an owner of Southpac Trust (BVI) Limited.

USA v. HSBC Private Bank (Suisse) SA: Arrest Warrant for $71.85M

January 08, 2020 - Arrest Warrant for $71.85 million in USA v. HSBC Private Bank (Suisse) SA, of Switzerland, at the U. S. District Court for the Southern District of Florida.

USA v. HSBC Private Bank (Suisse) SA: $71.85M Forfeiture Complaint

January 08, 2020 - Forfeiture Complaint for $71.85 million that "represents property constituting and derived from proceeds of wire fraud" in USA v. HSBC Private Bank (Suisse) SA, of Switzerland, at the U. S. District Court for the Southern District of Florida.

Union Bancaire Privée: US DoJ News Release

January 02, 2020 - News Release by the U. S. Department of Justice announcing an "Addendum to Swiss Bank Program Category 2 Non-Prosecution Agreement with Union Bancaire Privée, UBP SA".

Union Bancaire Privée: Non-Prosecution Agreement Addendum

January 02, 2020 - Addendum to Non-Prosecution Agreement under the U. S. Department of Justice's 'Swiss Bank Program' in USA v. Union Bancaire Privée.

dck north america, LLC v. USA: Petition to Quash IRS Summons

December 27, 2019 - Petition to Quash Third-Party Summons Issued by the IRS to Louis Plung & Co. LLP, described as a "third party record keeper" ", in dck north america, LLC v. USA at the U. S. District Court for the Western District of Pennsylvania. Editor's Note: As reported by OffshoreAlert on October 18th, 2018, Pennsylvania-based global construction firm dck has been involved in a $2.5 million payroll tax dispute with the IRS involving offshore companies in the Bahamas, Belize, Bermuda, Jamaica, Nevis, Palau, St. Lucia, St. Maarten, and the Turks and Caicos Islands.

USA v. Coutts & Co. Ltd.: Non-Prosecution Agreement Addendum

December 20, 2019 - Addendum to Non-Prosecution Agreement under the U. S. Department of Justice's 'Swiss Bank Program' in USA v. Coutts & Co. Ltd.

HSBC agrees to pay $192M & admits tax fraud after being criminally charged by US

December 10, 2019 - Switzerland-based HSBC Private Bank (Suisse) SA has agreed to pay $192 million and cooperate with tax investigations under a deferred prosecution agreement with the USA after being criminally charged with conspiracy to commit tax fraud.

USA v. HSBC Private Bank (Suisse) SA: Motion to Defer Prosecution

December 10, 2019 - Joint Motion for Deferral of Prosecution in USA v. HSBC Private Bank (Suisse) SA, of Switzerland, at the U. S. District Court for the Southern District of Florida.

USA v. HSBC Private Bank (Suisse) SA: Criminal Information

December 02, 2019 - Criminal Information alleging conspiracy to defraud the USA in USA v. HSBC Private Bank (Suisse) SA, of Switzerland, at the U. S. District Court for the Southern District of Florida.

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.