Campingcar Besinov BAKER TILLY SPIESS S.A. AND HIS CRIMINAL AFFAIRES

Campingcar Besinov BAKER TILLY SPIESS S.A. AND HIS CRIMINAL AFFAIRES

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 UBS Belgium and Mr. Brühwiler

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PostSubject: UBS Belgium and Mr. Brühwiler    Sat Apr 15, 2017 3:58 pm

04.06.2016

 

Marcel Bruehwiler, chief executive of UBS

 

JUN 20, 2014 - 09:03

(Updates with statement in fourth paragraph.)

June 19 (Bloomberg) -- Marcel Bruehwiler, chief executive of UBS AG’s Belgium unit, was charged in Brussels as part of a probe into a multibillion-euro tax fraud, accelerating the latest tax-evasion inquiry facing the Swiss bank.

 

Prosecutors said the investigation deals with activities begun a decade ago in which UBS employees allegedly targeted wealthy Belgian clients. The bankers encouraged them to open undeclared accounts in Switzerland, according to a report last month in the magazine M... Belgique, which didn’t say where it got the information. UBS Belgium helped organize the transfer of large amounts of client money to Switzerland, the magazine said.

 

Bruehwiler was charged with criminal organization, money laundering, illegal practice of the profession of financial intermediary and serious organized fiscal fraud, prosecutors in Brussels said today.

UBS avoided U.S. prosecution in 2009 by admitting it aided tax evasion, paying $780 million and handing over data on 250 accounts. It later disclosed information on about 4,450 more. Paris prosecutors are also investigating allegations UBS’s French unit helped clients hide their wealth in Swiss accounts.

Bruehwiler, who was released after several hours of questioning, denied the charges, prosecutors said. Police today searched his home and that of a client, as well as the bank’s offices, officials said.

‘Fiscal Fraud’

 

Information pointing to "serious organized fiscal fraud" was "obtained via very specific accusations of compliance officers who have either left the bank, or been laid off and could no longer stand the modus operandi of UBS," prosecutors said earlier. The tax evasion is "estimated at several billion euros."

"We conduct our business in full compliance with applicable law and regulations," UBS spokesman Yves Kaufmann said in a phone interview earlier today. "UBS does not tolerate any activities intended to help its clients circumvent their tax obligations. We fully collaborate with the Belgian authorities."

UBS Belgium’s office in Brussels couldn’t provide contact details for Bruehwiler’s representatives or lawyer. Karina Byrne, a spokeswoman for UBS in New York, declined to comment on the charges.

In the French probe, banking regulators fined Zurich-based UBS 10 million euros ($13.6 million) last year for deficient controls against tax fraud and illegal sales practices. Tax investigators searched its offices in Paris, Lyon and Strasbourg in 2012.

 

Switzerland’s Credit Suisse Group AG paid $2.6 billion in fines after its bank unit pleaded guilty to helping Americans cheat on their taxes. U.S. authorities are seeking more than $10 billion from France’s BNP Paribas SA for alleged breaches of sanctions on countries including Iran and Sudan, a person familiar with the matter has said.

 

--With assistance from John Martens in Brussels, Carolyn Bandel in Zurich and Elizabeth Dexheimer in New York.

 

To contact the reporters on this story: Gaspard Sebag in Brussels at gsebag@bloomberg.net; Aoife White in Brussels at awhite62@bloomberg.net To contact the editors responsible for this story: Anthony Aarons at aaarons@bloomberg.net David E. Rovella, Peter Blumberg

 

Tagblatt Online: 21. Juni 2014, 02:46 Uhr

In Belgien war Brühwiler diese Woche verhaftet worden. Mittlerweile ist er wieder auf freiem Fuss. Ein belgischer Richter hat nach der Vernehmung ein formelles Anklageverfahren gegen Brühwiler eröffnet. Dem Schweizer Banker wird vorgeworfen, in einen mutmasslichen Steuerbetrug über mehrere Milliarden Euro verwickelt zu sein. Konkret wird gegen ihn laut einer Mitteilung der Staatsanwaltschaft wegen Mitgliedschaft in einer kriminellen Vereinigung, Geldwäscherei, illegaler Ausübung des Berufs als Finanzintermediär in Belgien und der schweren, organisierten Steuerhinterziehung ermittelt.
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PostSubject: Re: UBS Belgium and Mr. Brühwiler    Sat Apr 15, 2017 4:05 pm

UBS Faces Legal Action in Belgium
Details Friday, 26 February 2016 17:17
UBS, the Swiss banking giant, is facing an investigation in Belgium, adding to its worries following the judicial inquiries in France. The Benelux country is suspecting UBS to be involved in cases of tax evasion and money laundering.

Michel Claise, a Belgian attorney, has started legal action against UBS, «L'Echo» (paywall) reported today, citing unidentified sources in the country's judicial system. The authority didn't comment about the content of the legal action taken.

According to the report, the action is likely connected to the investigation against the bank, which has been ongoing for months. In the summer of 2014, Claise confronted the UBS country boss, Marcel Bruehwiler, with his suspicions regarding cases of money laundering, abetting tax evasion and organized crime.

Searches at Branch, Home of Manager
Following this initial investigations, the Belgian law enforcement agencies executed searches at the UBS branch in Brussels, at the home of Bruehwiler and the home of a client. According to the judiciary, the results supported the suspicions regarding the above-mentioned accusations.
In the meantime, UBS is no longer active in wealth management in the country and has sold its unit to Puilaetco Dewaay, a Belgian Company.
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