Archives > 2008-05

The Minister of Justice in Luxembourg recently published the Annual Report 2007. There are a couple of pages relating to AML (pages 136 to 140). As I already wrote, the FIU in Luxembourg is the prosecuting authorities and does do a good job that limit the risk of scandal in a lax business environment where issues are hidden or hushed up. If the number of declarations of suspicion in Switzerland increased , this is not the case in Luxembourg despite the center is growing. Year Number Percentage 1998 114 2,08 1999 109 1,99 2000 158...

According to the Financialm Times, UBS has told members of its former private banking team responsible for rich US clients not to travel to America. Read article

A former UBS private banker charged with helping a US client evade millions of dollars in taxes is set to plead guilty at a court hearing next month Business Times IHT

Xavier Bettel, who is member of parliament in Luxembourg has recently asked a parliamentary question relating to the absence of publication online of judiciary cases in Luxembourg compared to...

A Beat Balzli and Frank Hornig from the Spiegel wrote, after fighting Switzerland's banking secrecy laws for decades, European finance ministers are about to receive support from the United...