Many Swiss banking institutions do business across borders. If you open an account with a domestic branch of a Swiss institution, your account will be legally held in the country of origin.

HSBC’s Swiss private banking division is under serious scrutiny as local and French authorities launch investigations into possible money laundering. The bank has acknowledged that these ...

But U.S. authorities have since filed a civil lawsuit seeking data on 52,000 Americans who, the U.S. government says, are hiding about $14.8 billion in Swiss accounts.

UBS will pay $780 million for conspiring to create sham accounts to hide the assets of U.S. clients from the U.S. government. The feds will also get a look inside the secretive bank’s books.

The U.S. government has chipped new holes in the secrecy of Swiss bank accounts, obtaining the names of American clients of the banking giant UBS as part of an investigation into the use of ...

While the major U.S. banks can’t open Swiss accounts for clients, most have referral relationships with a handful of Swiss companies that are registered with the SEC and are allowed to accept U ...

Banks are reluctantly abiding by the new rules because of hefty fines – the IRS can withhold 30% of dividends and interest payments due to the banks from U.S accounts.

Info from 24,000 of its Swiss bank accounts was stolen between 2006 and 2007, HSBC reported today. Tax authorities in foreign countries can expect to be hearing from the data bandits -- if they ...

ZARROLI: HSBC is one of the biggest banks caught up in the crackdown. In late 2012, the bank paid the U.S. government $1.9 billion in fines for money laundering under a deferred prosecution agreement.

Offshore accounts include those of financial institutions, American celebrities. Jan. 17, 2011 — -- Former Swiss banker Rudolf Elmer handed over two computer discs detailing thousands of ...