Open

Coming up

Don't miss

Replay


LATEST SHOWS

FASHION

Paris, Haute Couture Fall/Winter 2014-2015.

Read more

REPORTERS

Exclusive: an unlikely victim of the 'War on Terror'

Read more

AFRICA NEWS

2014-07-11 21:47 AFRICA NEWS

Read more

MEDIAWATCH

Finally, a good use for new app "Yo"

Read more

THE WORLD THIS WEEK

The World This Week - 11 July 2014 (part 2)

Read more

THE WORLD THIS WEEK

The World This Week - 11 July 2014

Read more

#THE 51%

Sweden: A Feminist's Paradise?

Read more

FRANCE IN FOCUS

Politics: parties under pressure

Read more

FOCUS

In Burma, the rise of radical Buddhism

Read more

  • The third-place playoff: the World Cup game no one wants to play

    Read more

  • Hamas and Israel sustain fire despite missed targets

    Read more

  • France’s Kadri wins eighth stage at Tour de France

    Read more

  • Legal challenge to French mayor’s ban of Muslim hijab on beach

    Read more

  • Last of the Ramones, Tommy Ramone, dies aged 62

    Read more

  • Video: Outrage in wake of deadly Casablanca buildings collapse

    Read more

  • Iraqi forces ‘executed prisoners in reprisal’ for ISIS killings

    Read more

  • Ukraine promises retaliation after rebel assault

    Read more

  • Putin revives old Cuban flame and eyes Latin American minerals

    Read more

  • Kerry holds all-night talks with Afghan presidential rivals

    Read more

  • Amazon snubs French free delivery ban with one-cent charge

    Read more

  • Cleveland's NBA fans hail 'return of king' LeBron James

    Read more

  • Exclusive: an unlikely victim of the 'War on Terror'

    Read more

  • Magnitude 6.8 quake, small tsunami hit east Japan

    Read more

  • Suspect in Brussels Jewish Museum shooting drops extradition appeal

    Read more

Business

USA investigating more than 150 UBS customers

©

Text by NEWS WIRES

Latest update : 2009-08-19

The US government announced on Tuesday a criminal investigation of more than 150 American customers suspected of hiding assets in the Swiss bank UBS. An out-of-court settlement between the USA and UBS is to be signed on Wednesday.

AFP - The United States is "criminally investigating" more than 150 US customers of Swiss bank UBS on suspicion they concealed income and assets to avoid US taxes, court documents said Tuesday.
   
"The United States is criminally investigating more than 150 Americans across the country who are believed to have concealed income and assets at UBS, in violation of United States law," the Justice Department said in filings before a federal court in Fort Lauderdale, Florida.
   
The investigation was made public in filings related to the sentencing of Bradley Birkenfeld, a UBS banker who in 2008 provided information to a US investigation into tax evasion by the Swiss bank.
   
Initially, the United States demanded that UBS turn over the identities of 52,000 of its American customers suspected of tax evasion.
   
The US government took UBS to court when it refused to hand over the names, but the litigation is expected to end Wednesday when the two sides sign a final agreement in the United States, a source close to the case told AFP.
   
 

Date created : 2009-08-18

Comments

COMMENT(S)