Illicit wealth under corporate veil

The FDF, which is equivalent to Finance Ministry in Switzerland, has said in a report on international financial and tax matters for 2012 that the country is at the forefront of global efforts to tackle cross-border financial crime.


RBS fights to keep its Libor records secret

Royal Bank of Scotland is fighting a court order requiring it to co-operate with an international criminal investigation into allegations its staff fixed a key banking lending rate.


Rogue trader Nick Leeson urges jail for Libor fixing

Barclays was fined £290m by UK and US regulator for attempting to manipulate the rate, which is used to set the borrowing costs for millions of consumers, businesses and investors, by falsely stating how much they were paying to borrow money.


Ex-Lehman broker must pay $904,000 in bonus flap

A San Francisco-based broker must pay more than $904,000 to Lehman Brothers Holdings Inc, which has been aggressively clawing back bonus money that it paid to brokers before its demise in 2008.


Wealthy French consider Swiss tax exile

The new French Socialist government has promised to reinstate the country’s old wealth tax rate and increase income tax, enough to make wealthy taxpayers think seriously about leaving for greener Swiss pastures.