It was reported on November 30, 2016, that Liechtenstein-based Valartis Bank has been threatened by computer hackers demanding a ransom in return for not releasing the personal information of its clients to financial watchdogs. The hackers have reportedly demanded that 10 percent of the bank’s account balances be paid to them in bitcoin before December […]

Revenue & Customs has so far collected just £13.9m from an initiative to prise open secret bank accounts in the Crown Dependencies which was originally expected to end up raising £1bn. Just over 400 people have so far come forward to own up to previously undeclared accounts in the Isle of Man, Jersey and Guernsey, […]

The U.S. Department of Justice Tax Division and the Internal Revenue Service have been ramping up an intense crackdown on offshore tax evasion, and the IRS’s reduced resources due to new budget cuts is having no effect on IRS enforcement initiatives in this area. The government’s reach has extended far beyond Switzerland, where it is […]