Archives > 2008-06

" Small countries survive as financial centres because they are more agile, because they can act more quickly, and because there is this close cooperation between the actors ." , Lucien Thiel said at the “Panel discussion: How can privacy survive in an environment of increasing information exchange?”, in the framework of the Liechtenstein Dialogue that took place in 2007. Lucien Thiel is the best representative of the Luxembourg financial center as Member of the Luxembourg Parliament (same party as the Prime Minister) and Former General Manager, Luxembourg Bankers’ Association...

Il was reported that Swiss banks UBS and Credit Suisse agreed settlement pay-outs to Parmalat. The Parmalat collapse five years ago was one of Europe's biggest financial scandals: more than 14 billion euros went missing from the group's accounts, wiping out the savings of around 135,000 people in Italy. Know more

Several media have reported that a former UBS Banker Pleads Guilty in Tax Evasion. Read press release from the Depaertment of Justice Read New York Times Read Financial Times Read...

The FATF recently issues its typologies report on the real estate sector. This first FATF in-depth study of the sector examines its vulnerabilities to misuse for money laundering and terrorist...

The Council of Europe’s Group of States against Corruption (GRECO) has published recently its Joint First and Second Round Evaluation Report on Switzerland (link to the report). The report is made...