A Zurich-based financial company called Finaport has recently been in the spotlight due to its involvement with wealthy Russian clients and their money transfers through Swiss bank accounts. The media has dubbed the scandal “Finaport-Leaks,” and it has been part of a series of revelations, including the Panama Papers, Pandora Papers, and the recent “Cyprus […]
A Zurich-based financial company called Finaport has recently been in the spotlight due to its involvement with wealthy Russian clients and their money transfers through Swiss bank accounts. The media has dubbed the scandal “Finaport-Leaks,” and it has been part of a series of revelations, including the Panama Papers, Pandora Papers, and the recent “Cyprus […]
The US Internal Revenue Service (IRS) has reported an increase in crypto tax investigations for the 2023 fiscal year. Cases range from failure to report capital gains to concealing crypto ownership disclosures. The IRS initiated over 2,676 cases involving $37 billion related to tax and financial crimes. These investigations involve unreported income from the sale […]
The US Internal Revenue Service (IRS) has reported an increase in crypto tax investigations for the 2023 fiscal year. Cases range from failure to report capital gains to concealing crypto ownership disclosures. The IRS initiated over 2,676 cases involving $37 billion related to tax and financial crimes. These investigations involve unreported income from the sale […]
DEBT Box and other defendants in a Securities and Exchange Commission (SEC) lawsuit are seeking to have the case dismissed after the court found that the SEC had lied to obtain a temporary restraining order against them. The SEC had accused DEBT Box of running a fraudulent crypto scheme worth $50 million. However, the court […]
DEBT Box and other defendants in a Securities and Exchange Commission (SEC) lawsuit are seeking to have the case dismissed after the court found that the SEC had lied to obtain a temporary restraining order against them. The SEC had accused DEBT Box of running a fraudulent crypto scheme worth $50 million. However, the court […]
SAM Excel, an external asset management company based in Zurich, has joined the global financial services network Union Capital Group (UCAP). As part of this move, the company has rebranded itself as “UCAP Wealth Management Switzerland” and appointed Peter Albinsson as the new CEO. Albinsson, a private banking expert, previously held senior positions at NPB […]
SAM Excel, an external asset management company based in Zurich, has joined the global financial services network Union Capital Group (UCAP). As part of this move, the company has rebranded itself as “UCAP Wealth Management Switzerland” and appointed Peter Albinsson as the new CEO. Albinsson, a private banking expert, previously held senior positions at NPB […]
The U.S. Securities and Exchange Commission (SEC) has submitted a letter to Judge Jed Rakoff in the ongoing case against Terraform Labs, arguing that the crypto assets in question should be classified as securities. The SEC proposes that the court, rather than a jury, determine whether the tokens are securities. The SEC cites the Howey […]
The U.S. Securities and Exchange Commission (SEC) has submitted a letter to Judge Jed Rakoff in the ongoing case against Terraform Labs, arguing that the crypto assets in question should be classified as securities. The SEC proposes that the court, rather than a jury, determine whether the tokens are securities. The SEC cites the Howey […]
