Subpoenas issued for six years of Donald Trump tax ...

The chairman of a US Congressional committee has issued subpoenas for President Donald Trump's tax returns.Richard Neal said in a statement he did not "take this step lightly", but believed it gave the committee "the best opportunity" to get the documents.The Treasury Department and the Internal Revenue Service (IRS) have until 17:00 (21:00 GMT) on 17 May to hand over six years...

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Ex-Danske CEO Borgen charged over money laundering ...

COPENHAGEN (Reuters) - Danish prosecutors have charged Thomas Borgen, former chief executive of Danske Bank, over his involvement in one of the world’s biggest money laundering scandals, newspaper Borsen reported on Tuesday, citing his lawyer.Borgen is the first person to be charged in a case that involves suspicious transactions of some 200 billion euros ($224 billion) that ...

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Nordea provides 95 million euro for possible fine for ...

HELSINKI (Reuters) - Nordea Bank, the Nordic region’s biggest lender, booked on Tuesday a 95 million euro provision for a possible fine for alleged money-laundering, while posting a bigger-than-expected drop in its first-quarter operating profit.January-March operating profit fell 36 percent from a year earlier to 621 million euros (£537.34 million), missing analysts’ average ...

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Deutsche Bank faces action over $20bn Russian ...

Germany’s troubled Deutsche Bank faces fines, legal action and the possible prosecution of “senior management” because of its role in a $20bn Russian money-laundering scheme, a confidential internal report seen by the Guardian says.The bank admits there is a high risk that regulators in the US and UK will take “significant disciplinary action” against it. Deutsche ...

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EU gives 'high-level' protection to ...

Whistleblowers across the European Union have won greater protection under landmark legislation aimed at encouraging reports of wrongdoing.The new law, approved by the European Parliament on Tuesday, shields whistleblowers from retaliation.It also creates "safe channels" to allow them to report breaches of EU law.It is the first time whistleblowers have been given EU-wide ...

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New Offshore Tax Avoidance Warning As Data Sharing ...

The net is closing on expats and taxpayers with offshore accounts and investments who have not declared their interests to the tax man.Financial advisers who has referred a client to an overseas financial institution or to pointed them towards offshore advice or services must declare the information to HM Revenue & Customs by the end of the month.At the same time, the adviser ...

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