Worldwide: Offshore Banking

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Wealth management law thought leadership, articles, podcasts, videos and webinars from expert sources across the legal world. Explore insights covering topics such as offshore banking, offshore company formation, offshore financial centres, wealth and asset management.

Renouncing US Citizenship Or Giving Up A Green Card: Why And How To Consider It

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.

United States Tax

MP

Moodys Private Client Law LLP

Proceed With Caution: The "Dirty Dozen" Tax Scams For 2017

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.

United States Tax

DM

Duane Morris LLP

DOJ And IRS Expanding Offshore Enforcement Efforts: Financial Institutions And Individual Taxpayers Beware

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.

United States Tax

D

Dentons

Israel Cleared To Implement FATCA And Report On U.S. Persons

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.

United States Tax

D

Dentons

Taxpayers Putting Pressure On Courts to Establish The IRS's Burden Of Proof In Offshore Disclosure Cases

United States Tax

D

Dentons

Treasury And Other Agencies Issue Guidance To Banks On Correspondent Accounts

United States Wealth Mgt

B

BakerHostetler

IRS Updates FATCA FAQs

United States Tax

MW

McDermott Will & Emery

Offshore Voluntary Disclosure Update

United States Wealth Mgt

MW

McDermott Will & Emery

The Streamline Program Turns Two

United States Tax

D

Dentons

FBAR: 2015 Reports Due By June 30, 2016

United States Commercial

FH

Foley Hoag LLP

Finance Bill 2016: Criminal Offences And Civil Sanctions

United States Tax

CW

Cadwalader, Wickersham & Taft LLP

In Wake Of Panama Papers Scandal Obama Calls For Stricter Bank Regulations, Tax Rules

United States Finance

SM

Sheppard Mullin Richter & Hampton

IRS/DOJ Summons Seeks To Break Singapore Bank Secrecy On Non-Resident's Account

United States Tax

CD

Caplin & Drysdale

IRS Remains Focused On Off Shore Tax Enforcement

United States Tax

AO

A&O Shearman

Artificial Intelligence 2025 - Trends And Developments

United States Technology

SJ

Steptoe LLP

ALERT: Key Tax Provisions Provided For In "One Big Beautiful Bill Act"

United States Employment

DP

Dilworth Paxson LLP

Avoid Costly Mistakes: Insights From Recent ERP Legal Battles (Video)

United States Technology

TS

Taft Stettinius & Hollister

AMTL's AICP Files Second Case Against TSMC, Its Advanced Memory Amends Against SK Hynix

United States IP

RC

RPX Corporation

From Copyright Case To AI Data Crisis: How The New York Times v. OpenAI Reshapes Companies' Data Governance And EDiscovery Strategy

United States Technology

NM

Nelson Mullins Riley & Scarborough LLP

Global Tax Enforcement in 2016: What You Need To Know

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.

United States Tax

B

BakerHostetler

US District Court Grants "John Doe" Summonses For Information Related To Off-Shore Accounts In Belize

These summonses permit the IRS to seek records of the Belize Banks' correspondent accounts at Bank of America, N.A. and Citibank, N.A.

United States Tax

AO

A&O Shearman

IRS Seeks Identities Of Americans With Undisclosed Belize Bank Accounts

Americans with secret accounts in Belize should take notice: the government is looking for you.

United States Wealth Mgt

FL

Foley & Lardner

Foreign Account Tax Compliance Act ("FATCA")

FATCA refers to provisions contained in the Hiring Incentives to Restore Employment Act (the 'HIRE' Act) signed into law on 18 March 2010 in the United States.

United States Tax

O

OIL

Recent IRS Policy Shift Requires Taxpayers To Reevaluate Decisions Made As To Previously Undisclosed Offshore Accounts And Assets

United States Tax

WL

Withers LLP

U.S. Nets Seven Financial Institutions Through Its Swiss Bank Program. Is Julius Baer Next?

United States Tax

HK

Holland & Knight

Renunciation Of US Citizenship Is On The Rise

United States Tax

MP

Moodys Private Client Law LLP

Taxpayer Advocate Recommends Ways For IRS To Simplify Foreign Asset Reporting

United States Tax

B

BakerHostetler

BSI Account Holders Now Face 50 Percent Penalty On All Undisclosed Offshore Accounts

United States Tax

HK

Holland & Knight

The Five "W’s" Of The Report Of Foreign Bank And Financial Accounts (FBAR)

United States Tax

CB

Collins Barrow National Incorporated

New York Restaurateur Pleads Guilty To Hiding Money In Swiss Accounts

United States Tax

B

BakerHostetler

California Physician Pleads Guilty To Failing To File FBAR For Bank Leumi Account

United States Tax

B

BakerHostetler

IRS Clarifies Requirements For Establishing Non-Willful Conduct In Offshore Disclosure Cases

United States Tax

MW

McDermott Will & Emery

Bank Leumi Agreement With Department Of Justice Results In Disclosure Of Identities Of 1,500 U.S. Account Holders

United States Finance

DM

Duane Morris LLP

New York Restaurateur Pleads Guilty To Hiding Money In Swiss Accounts

Georges Briguet, the owner of New York restaurant Le Perigord, pleaded guilty to one count of corruptly endeavoring to obstruct the IRS by concealing the existence of his Swiss bank accounts.

United States Tax

B

BakerHostetler

California Physician Pleads Guilty To Failing To File FBAR For Bank Leumi Account

Baruch Fogel, a California doctor, pleaded guilty in the U.S. District Court for the Central District of California to one count of willful failure to report the existence of a foreign bank account on a FBAR.

United States Tax

B

BakerHostetler

IRS Clarifies Requirements For Establishing Non-Willful Conduct In Offshore Disclosure Cases

Voluntary disclosure programs exist for taxpayers that are not in compliance with their tax and information reporting obligations with respect to foreign bank accounts and assets.

United States Tax

MW

McDermott Will & Emery

Bank Leumi Agreement With Department Of Justice Results In Disclosure Of Identities Of 1,500 U.S. Account Holders

Leumi reported that it is the first Israeli bank to reach a settlement with U.S. authorities.

United States Finance

DM

Duane Morris LLP

Bank Leumi Enters Into DPA With U.S. Department Of Justice

United States Tax

B

BakerHostetler

Updated IRS Streamlined Filing Pogram: Snowbirds Beware

On October 8, 2014, the IRS issued FAQs clarifying its amnesty programs for non-compliant taxpayers who want to catch-up on their U.S. tax filing obligations.

United States Tax

MP

Moodys Private Client Law LLP

Stop Press: New Guidance From The IRS Relating To The Streamlined And Information Procedures

Recently the IRS released much-anticipated additional guidance in relation to the OVDP and related programs.

United States Tax

WL

Withers LLP

Forensic Accountant And Certified Fraud Examiner Pleads Guilty To Concealing UBS Account

Howard Bloomberg, a certified fraud examiner, pleaded guilty to one count of failure to file an FBAR reporting his interest in a bank account at UBS in Switzerland.

United States Tax

B

BakerHostetler

Streamlined And OVDP Update

U.S. persons looking to catch up on income tax filings may now be able to take advantage of an updated set of "taxpayer friendly" rules introduced in June 2014.

United States Tax

CB

Collins Barrow National Incorporated

American Pleads Guilty To Hiding Money In Swiss Bank, Moving Money To Israeli Bank After UBS Scandal

United States Tax

B

BakerHostetler

IRS Eases Rules For Participation In Taxpayer Amnesty Program

United States Tax

FK

Frankfurt Kurnit Klein & Selz

Streamlined OVDP Expanded To Resident US Taxpayers

United States Tax

AO

A&O Shearman

The 2014 IRS Offshore Voluntary Disclosure Program And New Streamlined Filing Procedures

United States Tax

DM

Duane Morris LLP

IRS Expands And Updates OVDP

United States Tax

GT

Grant Thornton LLP

Offshore Tax Enforcement Update: IRS Unveils Major Changes To Voluntary Disclosure Program

United States Tax

BR

Blank Rome LLP

New IRS Offshore Disclosure Program Announced

United States Tax

B

BakerHostetler

IRS Announces Changes To The Offshore Voluntary Disclosure Program

United States Tax

PB

Patterson Belknap Webb & Tyler LLP

Monday, June 30th Is The Deadline For Foreign Bank Account Reporting To IRS

United States Tax

KT

Kilpatrick Townsend & Stockton LLP

IRS Announces Major Changes To Offshore Voluntary Disclosure Program

United States Tax

DM

Duane Morris LLP

IRS Announces Major Changes To OVDP

United States Tax

B

BakerHostetler

IRS Changes The Streamlined Filing Compliance Procedures And Offshore Voluntary Disclosure Program (OVDP)

United States Tax

HK

Holland & Knight

IRS Changes Offshore Voluntary Disclosure Program And Streamlined Filing Compliance Procedures For Undisclosed Foreign Accounts

United States Tax

DP

Day Pitney LLP

June 30 Deadline Approaches For Mandatory E-File FBAR Reporting

United States Tax

MW

McDermott Will & Emery

Swiss Financial Institution Pays $4.4 Million And Turns Over 110 Americans

United States Tax

B

BakerHostetler

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