Constantine Cannon Attorneys Eric Havian and Michael Ronickher Published in Law360 on the Need for Anti-Money Laundering Whistleblower Rewards
Posted 12/12/18
Archive
Money Laundering Watch: Will More Chickens Come Home to Roost Following Deutsche Bank Raid?
Posted 11/30/18
Ex-HSBC Whistleblower Released From Custody as EU Campaigns for Stronger Whistleblower Protections
Posted 04/9/18
By the C|C Whistleblower Lawyer Team
Law360 reports on a former HSBC employee wanted by Switzerland for allegedly leaking information about important clients to tax authorities who was released from custody in Spain. Herve Falciani was arrested last week by Spanish police on an international arrest warrant. Falciani had been sentenced to five years in prison by a Swiss court who tried him in absentia for industrial...
2017 Whistleblower of the Year Nominee -- Paradise Papers Whistleblower(s)
Posted 12/22/17
This “Whistleblower Spotlight” features the Paradise Papers leaker(s), an unnamed whistleblower (or whistleblowers) responsible for shining a light on the widespread use of illicit offshore tax havens. The November 2017 exposé revealed where government officials, royalty, entertainers, and powerful corporations store their cash to avoid taxes. The details are in 13.4 million documents, such as emails and...
Following Panama Papers, EU Investigative Committee Proposes Tougher Tax-Evasion Measures
Posted 12/14/17
By the C|C Whistleblower Lawyer Team
The European Parliament voted overwhelmingly to adopt over 200 non-binding recommendations proposed by an investigative committee formed in the wake of the explosive Panama Papers leak. The recommendations include new regulations targeting tax avoidance, such as regulating tax intermediaries and expanding protections for tax whistleblowers. The committee also recommended...
New Leak of Documents Exposes Tax Shelters, Other Financial Wrongdoing
Posted 11/9/17
By the C|C Whistleblower Lawyer Team
The “Paradise Papers,” a leak of financial documents from a Bermuda-based law firm called Appleby, shed light on the use of offshores by some of the world’s wealthiest and most powerful people. This is the world’s second biggest leak of such documents, topped only by lasts year’s “Panama Papers.” The 13.4M files were obtained by a German newspaper and reviewed by the...
UBS to Face French Tax Trial After Settlement Talks Fail
Posted 03/21/17
By the C|C Whistleblower Lawyer Team
UBS AG, the Swiss bank, will stand trial in France for allegedly helping wealthy clients evade taxes by hiding funds overseas. UBS had been in settlement negotiations with French authorities, but the parties had been unable to agree on the size of the fine.
UBS reportedly rejected a settlement proposed by French prosecutors that included a fine of $1.1 billion euros (about...
Tax Enforcement Spotlight – Bank Julius Baer
Posted 02/8/16
By the C|C Whistleblower Lawyer Team
This Tax Enforcement Spotlight features Bank Julius Baer & Co. Ltd. On Thursday, the Switzerland based financial institution agreed to pay a total of $547 million as part of a deferred prosecution agreement to settle criminal charges that the bank conspired to help many of its U.S. taxpayer-clients hide from the IRS billions of dollars in offshore accounts and evade U.S. taxes...