On 12 January, the Paris Criminal Court acquitted Guy Wildenstein, who was facing the possibility of two years in prison and a €250 million fine, and other members of his family as well as their trustees and advisors who were also facing fines and suspended sentences for facilitating tax fraud. According to the French tax […]

It has been reported and alleged that the Royal Bank of Canada Trust Company (Bahamas) Ltd. were active participants in helping the Wildensteins use an offshore trust system to stash thousands of valuable art works away, prosecutors Monica d’Onofrio and Mireille Venet alleged in a Paris courtroom on Thursday. Read more; The heir of a […]

French prosecutors are calling for Royal Bank of Canada’s wealth-management subsidiary in the Bahamas to be hit with the maximum fine allowed – €187,500 ($270,619 Canadian) – for its alleged role in a sophisticated tax fraud and money-laundering scheme involving billionaire international art dealer Guy Wildenstein and other family members. Royal Bank of Canada Trust […]