Topic: Beneficial ownership

DOJ charges Swiss financial services firm over alleged tax evasion scheme

29 September 2021

Bermuda bank reaches $5.6 million US settlement for aiding tax evasion

Manhattan federal prosecutors have decided not to prosecute Bermuda-based lender NT Butterfield & Son for participating in a conspiracy to evade US taxes following the bank’s “extraordinary cooperation” with its investigation.

04 August 2021

Deterring corruption through disclosure

Lincoln Caylor and Shaan Tolani, litigators at Bennet Jones in Canada, consider Canada’s proposed beneficial ownership registry and argue that while there will be significant issues to address, a registry with kinks to address is much better than no registry at all.

01 June 2021

US court dismisses Xiaomi sanctions

26 May 2021

Singaporean regulator dings Swiss lender over anti-money laundering failures

14 April 2021

Finma investigations drop in pandemic year

The Swiss financial regulator concluded nearly 200 fewer probes in 2020 than the year before, its lowest numbers since 2017.

25 March 2021

Gertler arrangement “defied Treasury Department norms”

22 February 2021

California businessman sentenced to 12 years in prison over illegal lobbying efforts

19 February 2021

Saudi companies want to subpoena US law firm in $3.5bn embezzlement case

A group of Saudi Arabian companies wants Cadwalader Wickersham & Taft and two financial institutions to disclose information about their links to a former high-ranking Saudi official accused of embezzling billions from the state.

16 February 2021

KPMG to stop some non-audit services in South Africa

16 February 2021

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