A multi-billion dollar asset recovery effort, spanning more than 130 countries, has been in process for years to recover funds for the victims, with actions in Switzerland, the United Kingdom, the United States, Canada and several Latin American and Caribbean countries. It is an excellent example of how advances in laws, search tools and international teamwork now support the process of… Read Complete Article...

The US a TAX HAVEN? COULD BE QUESTIONABLE GOING FORWARD GIVEN THE NEW SCRUTINY OF DISREGARDED ENTITIES…. Through the Foreign Account Tax Compliant Act (FATCA), the U.S. government receives certain information regarding “U.S. Persons” from around the world. The U.S. automatically shares certain tax information collected from U.S. financial institutions that hold non-U.S. natural person accounts with other jurisdictions with… Read Complete Article...