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FISHING EXPEDITIONS NOT WELCOME, SWISS BANKS SAY

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”Indiscriminate” requests for confidential records will not be supported by Swiss banks, even once new OECD rules come into play, according to a leading figure in the Swiss banking industry. In a bid to calm HNWI’s worried over bank secrecy,  SBA (Swiss Bankers Association) head Urs Roth reiterated that bank account details are still... »

ANOTHER UBS CLIENT CONFESSES IN TAX EVASION CASE

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The IRS crackdwon on secret offshore bank accounts netted its 6th victim monday as a retiree from the Seattle area pleaded guilty to filing a false tax return Monday. Retired boeing sales manages Robert Cittadini confessed to having concealed almost $2 million in Swiss accounts,  court records say. http://www.usatoday.com/money/perfi/taxes/2009-10-05-ubs-tax-evasion-case_N.htm »