Topic: Tax evasion

UBS to challenge €1.8 billion French tax penalty

UBS will fight a French appeals court’s decision to uphold the Swiss bank’s conviction for helping French citizens evade tax.

21 December 2021

Former banker loses bid to increase Credit Suisse’s $2.6 billion tax penalty

A US federal judge dismissed a lawsuit against Credit Suisse that alleged the bank misled prosecutors to secure a smaller penalty in a tax fraud settlement with the DOJ.

20 December 2021

SEB faces huge German tax fraud claim

Swedish bank SEB has vowed to fight German authorities’ attempts to force it to pay €1 billion following an investigation into whether it engaged in a large tax fraud scheme.

15 December 2021

UBS appeal secures significant fine reduction in French tax case

A French appeals court has slashed a penalty handed to Swiss bank UBS for tax fraud and laundering illicit funds by €2.7 billion.

13 December 2021

PwC’s German offices raided in tax probe

German authorities have searched PwC’s offices as part of an investigation into suspected tax evasion.

01 December 2021

US tax agency shifts enforcement focus

IRS investigators are spending more time looking into non-tax crimes such as corruption, fraud and money laundering.

19 November 2021

FCA fines second company over cum-ex trades

The UK financial regulator has ordered London-based brokerage Sunrise Brokers to pay £642,000 for executing suspected cum-ex trades on behalf of its clients.

12 November 2021

Credit Suisse’s compliance with US tax evasion plea deal under scrutiny

The US Justice Department has said it is conducting “ongoing law enforcement activities” into Credit Suisse’s compliance with a $2.6 billion foreign tax evasion settlement from 2014.

08 November 2021

EU to consider broadening EPPO enforcement scope

25 October 2021

Ecuador investigates president over tax fraud allegations

22 October 2021

Unlock unlimited access to all Global Investigations Review content