Here is my current list of the 14 Category 1 banks under criminal investigation with no opportunity to join the U.S. Swiss Bank initiative:
Bank Frey
Bank Hapoalim (Switzerland)
Bank Julius Baer
Bank Leumi (Switzerland)
Basler Kantonalbank
Credit Suisse AG
HSBC Private Bank (Suisse)
Liechtensteinische Landesbank (Switzerland) Ltd.
Mizrahi-Tefahot (Switzerland)
Neue Privat Bank
Neue Zürcher Bank
Pictet & Cie
Rahn & Bodmer
Zürcher Kantonalbank
I would appreciate readers advising if this list is not correct.
Addendum on 5/21/15: I found another list, Swiss Banks Entering U.S. Client Disclosure Program (Swissinfo 10/15/14), here. The Swissinfo list overlaps except that (i) Neue Zürcher Bank is on my llist and not on Swissinfo list and (ii) Group SCA is on the Swissinfo and not on my list.
Sunday, March 9, 2014
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http://www.ipc.on.ca/images/Resources/pbd-privacy_paternalism.pdf
ReplyDeleteAn in light of the report, consider the questions and concerns we have had regarding:
1) lack of redress for data leaks and data theft under FATCA and the BSA FBARs for all those who are required to report, or who FIs and NFFIs will automatically report on.
2) lack of redress, notice, transparency, accountabililty for misappropriation of the data collected and remitted to the IRS and Treasury – and from thence onwards stored, shared, disseminated with NO controls or transparency or accountability to any and all agencies as
the US chooses as per Homeland Security and Patriot Act, on accounts jointly held by NON-US person spouses, family members, estates, trusts, business partners and others who have NO US connection or legal obligation.
They own that data and their own personal information. FATCA denies NON-US persons control over their own personal and account information.
3) the intent and efforts of Senator Levin to make certain that the information collected under
FATCA NOT be subject to any limitations such as those which govern the sharing of income tax return information. See; “….A letter written by Senator Carl Levin (D-MI) to the IRS originally tipped Jatras off to the FATCA privacy concern. Referencing United States Code Chapter 26, Section 6103, Levin argues that foreign bank information of US citizens
should be legal to collect :
FFIs are not, after all, U.S. taxpayers, and will not be supplying
tax information on behalf of their U.S. clients; they will instead be
providing information about accounts opened by U.S. persons. The U.S.
Supreme Court has long held that bank account information is not
inherently confidential but is subject to inspection by law enforcement
and others in appropriate circumstances. Foreign account information is
too important to a wide range of civil and criminal law enforcement and
national security efforts to be designated as tax return information
bound by Section 6103’s severe restrictions on access.
….”… http://motherboard.vice.com/en_ca/blog/the-us-surveillance-dragnet-extends-to-foreign-bank-data-too
Interestingly, so far, I have not seen them touch the question of the misappropriation
of NON-US person’s personal and financial data. I suspect they hope that will not get too much attention. They might say that if non-US persons want their data protected that their only recourse is not to have joint accounts with US persons. That I think is a very weak claim.
Sods -----
ReplyDeleteLaw.
March.----
2014.
For almost two
decades we have strived to get justice for the injustice we have
suffered at the hands of a world renowned bank--- PICTET & CIE.
BANK.
Two yorkshiremen
both running their own small family businesses trying to resolve the
problem by taking all the correct legal procedures to recover their
monies.
The matter was
raised in Parliament – twice-- the FSA investigated the matter
concluding that PICTET had rogues operating in their London Bank ---
but the rogues had left ---saying no one left to prosecute.??? -----
so there.
We then
approached the Financial Ombudsman Service. (FOS) --- our case was
dealt with by seven different people ---- then our numerous E-Mails
were ignored --- nobody would speak to us -------so there.
We then asked the
SFO ( Serious Fraud Office.) to investigate our case ---- the
criteria of our case ticked all their boxes. --- we were instructed
not to send them
any
documents/evidence.------ in fact they wrote to us advising us to go
to the Citizen's Advice Bureau.(CAB.)
Richard Alderman
the SFO boss ---- who responded to our letter was the same man who
would not investigate the “ Madoff” scandal or the “Libor”
fiasco.
The MP's
committee ---- said he was sloppy--- and the SFO was run like “
Fred Karno's Circus” ----- it was an office of fraud.----- so
there.
Our M.P.
approached our local Chief Constable to investigate----- he was
called---- Sir Norman Bettison--- Chief Constable of West Yorkshire
Police ---- a force that made “ Dad's Army” look like the S.A.S.
They were inept – corrupt ---malicious --- from top to bottom. We
were criminally dealt with by the Forces Solicitor---- the Head of
the Economic Crime Unit ----and the Chief Constable ----- so there.
We were then
advised to pass our complaint against West Yorkshire Police to the
I.P.C.C. – which we did --- they advised us to make our complaint
to ---- the West Yorkshire Police --- we did with reluctance --- all
we got was abuse and obfuscation. ----- so there.
Sir Norman
Bettison ---- The Forces solicitor--- and the Head of the Economic
Crime ---- have all been removed from their posts and facing criminal
allegations.
------ so there.
We even sought
justice through the Courts --- culminating in a visit to the Court of
Appeal-London.--- On leaving the Courts of Appeal that day our
barrister a “rising star” informed us --- that if that was
Justice then you can keep it. He quit the law and moved to Canada
----- so there.
A few years later
we learned that one of the judges in our case at the Court of Appeal
was related to a senior executive of the Pictet Bank -----so there.
Pictet & Cie
.Bank --- voted private bank of the year 2013.
Ivan Pictet ----
Voted banker of the year 2012. ---- the senior partner --- lied on
numerous occasions and had documents destroyed --- also said genuine
documents were forgeries. ----- so there.
Ivan Pictet in
Oct. 2013 ---- Given the Legion of Honour --- but saying that ----
honours were given to Hitler --- Eichmann --- Mussolini ---Franco
--- he's in fitting company. ----so there.
MONTY
RAPHAEL.Q.C. -- Peters & Peters.London. They were the banks
lawyers.
Monty
Raphael.Q.C. along with Ivan Pictet withheld crucial documents
requested by the High Court ---- the FSA ---- and the police Fraud
Squad. ----so there.
Monty
Raphael.Q.C. became an Honorary Queens Counsellor in March. 2012.
Monty
Raphael.Q.C. became a Master of the Bench in Nov.2012.
An expert in
Fraud ---the Doyen of Fraud Lawyers. ----- so there.
This says a lot
about Banks --- the consensus of opinion is that they are highly paid
“crooks” ---- no wonder they voted Ivan Pictet banker of the
year.
It appears that
crimes in the “establishment.” are honoured by their peers.
“HONOURS
AMONG THIEVES.”
Full Story.----
“google or Yahoo ”
Insert.
Ivan
Pictet.Banker.
Monty
Raphael.Q.C.
Ivan Pictet/Monty
Raphael.
IRS Employee Took Home Data on 20,000 Workers at Tax Agency
ReplyDeleteAn Internal Revenue Service employee took home a computer thumb drive containing unencrypted data on 20,000 fellow workers, the agency said in a statement. The tax agency’s systems that hold personal data on hundreds of millions of Americans weren’t breached, the statement said Tuesday.
“This incident is a powerful reminder to all of us that we must do everything we can to protect sensitive data—whether it involves our fellow employees or taxpayers,” IRS Commissioner John Koskinen said in a message to employees. “This was not a problem with our network or
systems, but rather an isolated incident.”
Lol..... an isolated incident,hmm I guess time will tell !
http://www.accountingtoday.com/news/irs-employee-took-home-data-on-20000-workers-at-tax-agency-70027-1.html?utm_campaign=daily-mar%2019%202014&utm_medium=email&utm_source=newsletter
Combination of recent developments regarding the data insecurity
ReplyDeletedangers, and what that might mean for what the US is demanding of the
entire globe re US tax and financial account/asset reporting compliance –
The IRS still cannot assure security of our data :
‘GAO Says IRS Security Lapses Place Financial and Taxpayer Data at Risk’
Washington, D.C. (April 8, 2014)
By Michael Cohn
http://www.accountingtoday.com/news/gao-says-irs-security-lapses-place-financial-and-taxpayer-data-at-risk-70270-1.html
and the US government reports that continue to confirm it (only the most recent of several to state the same thing),
Information Security:
‘IRS Needs to Address Control Weaknesses That Place Financial and Taxpayer Data at Risk’
GAO-14-405: Published: Apr 8, 2014. Publicly Released: Apr 8, 2014.
http://www.gao.gov/products/GAO-14-405
and,
‘Heartbleed Bug Causes Major Security Headache’
by The Associated Press
April 09, 2014
http://www.npr.org/templates/story/story.php?storyId=300813985
Though the IRS states in this story that it was not affected and that taxpayers filing returns should continue as normal, we don’t know how it might affect the online filing of FBAR/now Form 114 – (filing online now mandatory) and FATCA. And given the GAO reports, and the IRS plague of identity theft and data security issues – why should I trust the IRS
word on this?