E-PaperBank Secrecy News
Deutsche Bank fined $41 million for money-laundering lapses
Deutsche Bank agreed to pay $41 million to settle Federal Reserve allegations that its US operations failed to maintain adequate protections against money laundering
1 min read31 May 2017Switzerland admits being ‘attractive’ for money laundering
Switzerland has been facing pressure from several nations to share details of Swiss bank customers suspected of holding illicit funds
4 min read21 Jun 2015India inks global pact for sharing financial information
Move expected to help India identify citizens who hold overseas assets and aid in its fight against black money
1 min read3 Jun 2015Swiss end to bank secrecy one step closer as law revamp proposed
The proposed law will allow the automatic exchange of an account-holder's information with foreign tax authorities
2 min read14 Jan 2015End of Swiss banking secrecy in sight by 2018
Swiss govt decides to launch talks with other nations on the automatic exchange of account details
2 min read8 Oct 2014Swiss bankers urge EU deals to root out tax cheats, gain market access
Switzerland's banking body urges govt to strike deals with European neighbours to root out untaxed money in the country
1 min read16 Sep 2014Switzerland may share bank data to track black money
A host of countries, including Switzerland and Singapore, have committed to share all financial information with other governments
3 min read8 May 2014JPMorgan may face federal sanctions over Madoff ties: report
Federal prosecutors and JPMorgan's representatives held talks about a deferred prosecution pact, says NYT
1 min read24 Oct 2013Switzerland considering solution to US tax dispute
Banks already under investigation to settle with individual deferred prosecution agreements
2 min read17 Apr 2013Luxembourg to ease bank-secrecy rules, share tax data
PM Juncker says Luxembourg will change its rules to coordinate with policy in the US, 25 of the EU’s member nations
1 min read10 Apr 2013Popular Topics
Budget
The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared