Black money: PM Modi to visit Switzerland, discuss issue with Swiss Prez
In a move that could take the fight against black money to a significant level, Prime Minister Narendra Modi will visit Switzerland to discuss with authorities the issue of illicit cash stashed in their banks.
May 29, 2016, 12:17 PM IST
Black money: India, Switzerland working 'very closely' on tax info exchange
Swiss Ambassador to India Linus von Castelmur also said automatic exchange of tax information between India and Switzerland is expected to happen "rather soon".
Mar 17, 2016, 16:26 PM IST
Black money: Six Indians on list as Switzerland makes public 2,600 dormant a/c
Of the six, the residence of four has been mentioned as India, Paris (France) for one. However, the place of residence of the sixth person has not been mentioned.
Dec 16, 2015, 16:08 PM IST
Safe-deposit boxes prone to money-laundering risks: Swiss govt
Safe-deposit boxes used in Switzerland are prone to risk of money laundering and terror financing activities, but existing regulations are sufficient to deal with such risks, says a Swiss government report.
Dec 14, 2015, 18:58 PM IST
Switzerland steps up efforts to tackle black money menace
Upping the vigil against illicit fund flows, Switzerland has tightened its anti-money laundering norms with new diligence rules, including greater scrutiny of ecclesiastical foundations.
Nov 12, 2015, 20:18 PM IST
Credit Suisse considers moving 2,000 UK jobs to India
Swiss banking group Credit Suisse plans to cut nearly 2,000 jobs at its London base and move some of them to cheaper locations like India and Poland, a media report said Thursday.
Oct 22, 2015, 20:13 PM IST
Revealed: Swiss banks secret codes; iTunes meant money, download was loading cash
As the famed secrecy walls of Swiss banks crumble under continuing global pressure, it now emerges that secret codes were used not just for account details but also for communications between the bankers and their clients.
Oct 11, 2015, 21:41 PM IST
Black money: Swiss to publish first list of dormant assets in December
Having started making public the names of Indians and other foreigners with bank accounts that are under scanner, Switzerland will now publish in December a list of accounts that have remained unclaimed for 60 years.
Oct 04, 2015, 15:38 PM IST
Swiss authorities probe 7 banks for price fixing in metals market
Swiss competition authorities said Monday they were investigating UBS, HSBC, Deutsche Bank and four other banks on suspicion of price fixing in the precious metals market.
Sep 28, 2015, 14:27 PM IST
Swiss banks moving 'full speed' on automatic tax info exchange
Swiss banks are working at "full speed" to implement the automatic tax information exchange regime that will help India's efforts to crackdown on illegal wealth stashed by its citizens in Switzerland.
Sep 03, 2015, 18:50 PM IST
Fight against black money: Swiss to help on stolen data too
In a move that may help India's fight against black money, Switzerland on Wednesday proposed amending its laws to share information with foreign countries probing tax crimes on the basis of 'stolen data', provided details have come from administrative channels or public sources.
Sep 02, 2015, 20:22 PM IST
Govt must build trust for compliance window success: Kidwai
The government needs to assure against any "witch-hunt" to make the compliance window under the new black money law a success and it's a "pity" that the people do not believe its credibility, HSBC's India head Naina Lal Kidwai has said.
Sep 01, 2015, 16:25 PM IST
Black money: Swiss banks ask Indians to utilise 'compliance window'
Spooked by the new black money law, a number of Swiss and other European banks have begun asking Indian clients to disclose their accounts to the tax authorities back home as they fear being accused of 'abetting' the hoarding of untaxed assets.
Aug 30, 2015, 18:04 PM IST
Black money: Swiss govt rejects privacy in financial matters
At a time when it is under global pressure, including from India, on black money menace, the Swiss government has rejected the popular initiative to allow strict privacy in financial matters.
Aug 26, 2015, 21:20 PM IST
Fall in Swiss bank funds may be due to black money drive: Govt
The fall in deposits by Indians in Swiss banks may be a result of the steps being taken by the government to unearth black money stashed abroad, the Finance Ministry said Tuesday.
Jul 21, 2015, 22:21 PM IST
Athens eyeing deal to tax assets hidden in Swiss banks: Report
Athens wants a tax amnesty deal for Greeks who have stashed cash in Swiss banks, in a bid to bring much-needed revenue to the debt-laden country, a Swiss newspaper reported Sunday.
Jul 05, 2015, 17:25 PM IST
Black money menace: Swiss banks tighten customer due diligence
Facing possible criminal action by India and some other nations over suspected black money, Swiss banks today decided to tighten their due diligence procedures to keep away illicit assets and made it mandatory to identify the beneficial owner of funds parked with them.
Jun 30, 2015, 21:13 PM IST
Black money: India slips to 61st place on Swiss money list
While the UK and the US have retained their top two positions with the largest shares of the foreign clients' money with Swiss banks, Pakistan has inched up to 73rd place.
Jun 21, 2015, 14:58 PM IST
Indian money in Swiss banks falls by over 10% to Rs 12,615 crore
This is the second lowest amount of funds held by Indians in the Swiss banks and follows an increase of over 40 percent in the previous year, 2013.
Jun 18, 2015, 16:48 PM IST
Swiss banks' profit rises; staff count down
Under glare for being an alleged safe haven for illicit funds from across the world, Swiss banks saw their profits rise during 2014 to close to 19.5 billion Swiss francs even as their staff count declined in the year.
Jun 18, 2015, 16:34 PM IST
