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Blackmoney: ED slaps penalty notice on Swiss account holders
Stepping up action against those involved in stashing blackmoney in Swiss banks, Enforcement Directorate has slapped its first penalty notice of Rs 2 crore for alleged forex violations against an individual after probe into LGT bank list #Black money #NewsTracker #Germany #Swiss Banks #FEMA #LGT Bank
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WEF 2013: Big Banks on defensive, say trying to do good for clients
It's a reflection of how big banks are still grappling with pressure from recent scandals and moves toward increasingly complex and tighter regulation. #World Economic Forum #HSBC #Standard Chartered #WEF 2013 #Swiss bank UBS
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Must read: How the Swiss are turning against the super-rich
Parts of the country are also considering scrapping the tax breaks that have lured wealthy foreigners such as Formula One driver Michael Schumacher, and Switzerland's richest man, Ingvar Kamprad, the Swedish founder of Ikea #HowThisWorks #Black money #Switzerland #Swiss Bank accounts #Super rich #inequality
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Boston.comSwiss: 1,500 money-laundering cases last year
GENEVA (AP) — Swiss authorities disrupted more than 1,500 suspected money-laundering cases last year, including 15 linked to terrorist financing, officials said Tuesday. In all, there were 1,585 ‘‘suspicious activity reports’’ for 2012 involving 3.15 bil #Switzerland #Middle East #North Africa
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iStockAnalystBond Funds And Central Banks Are Buying Equities
Morningstar recently reported the number of bond funds buying or holding stocks is at the highest level in 18 years. The below chart from Charles Schwab details data over the last ten years. Schwab/Morningstar note the percentage of bond funds holding eq #Morningstar, Inc. #Bank of Japan #Switzerland
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WTOP NewsSwiss say terror financing reports jumped in 2012
Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed. GENEVA (AP) -- Swiss federal police say they investigated several reports of terrorist financing amid a high number of su #Switzerland #Prince Harry