Accounting weekly

Credit Suisse offices in Milan searched by Italian tax police

Italian tax police searched the Milan offices of Credit Suisse in December as part of an investigation into whether the bank helped wealthy Italians hide undeclared funds offshore, according to Reuters.

The searches followed a series of investigations against Swiss banks, including Credit Suisse, into their dealings with wealthy clients and hidden offshore accounts, against the backdrop of international pressure on Switzerland’s secrecy laws.
Read the full story here: http://www.reuters.com/article/2015/01/08/us-swiss-tax-credt-suisse-grp-idUSKBN0KH0RJ20150108