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By: Law is Cool · August 21, 2009 · Filed Under Privacy · Add Comment
Swiss banking giant UBS AG (UBS-N15.51-0.39-2.45%) agreed Wednesday to turn over to the IRS the details of 4,450 accounts suspected of holding undeclared assets by American customers, piercing Switzerland’s long-standing tradition of banking secrecy.
The Schreiber-Mulroney affair
Karlheinz Schreiber optimistic he’ll remain in Canada
Schreiber told the Star last week he will use every legal means at his disposal to avoid being extradited, insisting that if he were tried in Canada on the charges he faces in Germany, the whole case against him would be thrown out.
