Mondaq USA: Wealth Management > Offshore Banking
GuernseyFinance
Last year Butterfield bought Deutsche Bank's trust business in Guernsey, Cayman Islands, Switzerland, Singapore and Mauritius.
GuernseyFinance
Year on year there are stories and pessimists forecasting the demise of the trust industry. British newspapers like to portray Guernsey trustees as the facilitators of "suspect" tax planning.
GuernseyFinance
Guernsey-based independent financial services group, PraxisIFM, has expanded its fund administration division with the acquisition of London-based closed-ended fund administrator, Cavendish Administration Limited.
Moodys Gartner Tax Law LLP
Israel and the United States share a strong bond, and U.S. citizenship or permanent resident status allows access to the largest economy in the world.
Duane Morris LLP
The Dirty Dozen American film released by MGM in 1967 depicts wartime law breaking, theft and impersonation, but today we are talking about the IRS' "Dirty Dozen Tax Scams for 2017" list, which depicts law breaking, theft and impersonation issues that are putting taxpayers at risk.
Dentons
A few months ago, we posited that the DOJ and IRS were expanding offshore enforcement efforts beyond Europe, with a likely new target of those efforts being Singapore.
Dentons
A recent decision by the Israeli Supreme Court has cleared the way for FATCA implementation by lifting a temporary injunction on the disclosure of information to U.S. authorities under IGA.
Dentons
The case involved the appropriate burden of proof the Internal Revenue Service must meet when the IRS asserts a willful failure to file penalty for the Report of Foreign Bank and Financial Accounts.
BakerHostetler
On Aug. 30, 2016, the Treasury Department, the Federal Reserve, the FDIC, the National Credit Union Administration and the Office of the Comptroller of the Currency issued guidance to U.S. banks...
McDermott Will & Emery
The GIIN assigned as a result of this registration option then instructs IDES to route transmissions directly to the IRS.
McDermott Will & Emery
Each program has its own set of tailored procedures and eligibility requirements.
Dentons
The (SFCP) is now two years old. The SFCP was designed for taxpayers whose failure to disclose their offshore accounts was "non-willful," due to a lack of understanding or knowledge of reporting requirements for U.S. persons.
Foley Hoag LLP
Every U.S. person that had a financial interest in, or signature or other authority over, one or more foreign financial accounts during 2015 must electronically file an "FBAR" with the U.S. Treasury Department...
Cadwalader, Wickersham & Taft LLP
Were the new offences and civil sanctions for tax evasion included in Finance Bill 2016 and, if so, when do these provisions have effect from?
Sheppard Mullin Richter & Hampton
In a news conference today President Obama addressed rules and proposed regulations announced Thursday intended to help the U.S. fight tax evasion and other crimes connected to anonymous offshore companies...
Caplin & Drysdale
In late February 2016, the Justice Department filed an action in federal court to compel UBS's branch in Miami to produce bank records of a Singapore account purportedly owned by a taxpayer who lives in China and is under IRS audit.
Shearman & Sterling LLP
On January 27, 2016, the US Department of Justice announced that it had signed the final non-prosecution agreement with a Category 2 Swiss bank.
BakerHostetler
The investigation and prosecution of tax evasion has, in the last decade, grown from a specialized subcategory of law enforcement into a first-tier policy concern for the global community.
Shearman & Sterling LLP
These summonses permit the IRS to seek records of the Belize Banks' correspondent accounts at Bank of America, N.A. and Citibank, N.A.
Foley & Lardner
Americans with secret accounts in Belize should take notice: the government is looking for you.
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