Despite the progress made over the years, the Swiss financial sector continues to be one of the least transparent in the world. But there is good news too.
The Swiss foreign ministry is in the spotlight for donating nearly 500,000 francs to the Clinton Foundation in 2011, when Switzerland and the US were locked in a dispute over tax evasion.
Switzerland doesn't need to boost financial regulations in the wake of the Panama Papers revelations, finance minister Ueli Maurer told Swiss tabloid Blick on Friday, defending the right of the super rich to park their money offshore.
Swiss bank UBS, banned Uefa boss Michel Platini and the former secretary general of Fifa are among those named in leaked documents as being connected to secret offshore companies.
Offshore schemes operated by Swiss bank UBS and Germany's Deutsche Bank in a bid to avoid paying income tax on bankers' bonuses are not exempt from tax, the Supreme Court in London ruled Wednesday.
France on Wednesday launched an official investigation into the French subsidiary of Swiss banking giant UBS for alleged witness intimidation, a source close to the case told AFP.
Belgium on Friday charged Swiss banking giant UBS with "serious and organised" fiscal fraud for encouraging clients to
cheat on their taxes, as well as being involved in money laundering.
Swiss banking giant UBS on Tuesday posted a 79-percent higher net profit for 2015, beating analyst expectations, with tax
benefits offsetting a difficult fourth quarter hit by market turmoil.
US officials have settlements with four more Swiss banks to lift the total fines in the two-year disclosure program to more than $1 billion from 75 banks.
Europe's human rights court dismissed a complaint Tuesday by an American client of Swiss banking giant UBS who had contested the legality of giving his bank account details to US authorities probing possible tax evasion.
Swiss financial authorities have banned six former UBS traders and managers from working in Switzerland’s financial industry for periods ranging from one to five years.
Greek prosecutors are investigating around 200
cases of alleged tax fraud and money laundering after raiding an Athens office of Swiss bank UBS, a judicial source said on Tuesday.
The Italian government says it is set to rake in at least €3.8 billion ($4 billion) after tax dodgers took advantage of an amnesty deal to declare money and assets hidden abroad — mostly in Switzerland.
A German federal state says it transferred details of secret Swiss bank accounts with assets worth four billion francs to Athens as part of efforts to clamp down on Greek tax cheats.
A former HSBC employee who leaked documents alleging the bank helped clients evade millions of dollars in taxes failed again to show up for his Swiss trial Monday, which opened in his absence.
A former HSBC employee who leaked documents alleging the bank helped clients evade millions of dollars in
taxes said on Wednesday that he would not attend his trial in Switzerland because he would not get a fair hearing.
French judges have charged a former top-level banker at UBS with tax evasion as part of a probe into the Swiss banking
giant, judicial sources said on Thursday.
The Netherlands have requested information on
a large number of Swiss bank accounts held by residents of its country in connection with a tax probe, Swiss authorities confirmed at the weekend.
The euro immediately weakened against the Swiss franc and the US dollar on Sunday night after Greek voters resoundingly rejected financial bailout proposals made by creditors.
Greek Finance Minister Yanis Varoufakis has taken a swipe at Switzerland for providing only limited information about wealthy tax evaders from cash-strapped Greece who are believed to have stashed billions of euros in Swiss banks.
Former UBS trader Kweku Adoboli, jailed for seven years for gambling away $2.3 billion in Britain's biggest ever fraud, has been released from prison, a source said on Wednesday.
Swiss prosecutors on Thursday closed an investigation into allegations British banking giant HSBC's Geneva branch helped clients evade millions of dollars in taxes, after the bank agreed to pay tens of millions in compensation.
The European Union and Switzerland signed a major accord on Wednesday designed to prevent EU residents from hiding undeclared income in Swiss banks, the European Commission said.
