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UBS Tax Whistle-Blower Sues for $4 Million, But May Get $4,000
David Marchant
Posted: Friday, October 26, 2018
Joined: 9/13/2007
Posts: 1273


Bloomberg: A former employee at UBS Group AG’s French unit is suing the government for 3.5 million euros ($4 million) after helping investigators build a tax case against the Swiss bank.

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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.