Snehal khanna Blog

If Federal Court rules in his favour, Rudolf Elmer would release data from Julius Baer bank LATEST NEWS    :   In the quiet village of Rorbas, just outside Zurich, Rudolf M. Elmer has been fighting a 12-year-long legal battle against the centuries-old traditions of Swiss banking secrecy. Elmer, who ran the Caribbean operations of the Swiss bank , Julius Baer, for eight years before being dismissed in 2002, was part of the first wave of Swiss bank whistleblowers who helped expose the inner workings of a system that helped the world’s rich and multi-nationals conglomerates evade billions of dollars in taxes through offshore financial structures and tax havens. In 2011, he was tried for sharing information about tax evasion, money laundering and other financial violations with US tax authorities and WikiLeaks. Over the past six years, Elmer has been imprisoned for 200 days, some of it in solitary confinement, and has fended off an orchestrated harassment camp...

Furnish Aadhaar no by Dec 31, failing which your account will cease to be operational Latest news :  The government has made quoting of biometric identity number Aadhaar mandatory for opening bank accounts as well as for any financial transaction of Rs 50,000 and above. Existing bank account holders have been asked to furnish their Aadhaar number issued by the Unique Identification Authority of India (UIDAI) by December 31, 2017, failing which, the account will cease to be operational, according to a revenue department notification. The government in Budget 2017 has already mandated seeding of Aadhaar number with Permanent Account Number (PAN) to avoid individuals using multiple PANs to evade taxes. The notification issued amending the Prevention of Money-laundering (Maintenance of Records) Rules, 2005, mandated quoting of Aadhaar along with PAN or Form 60 by individuals, companies, and partnership firms for all financial transactions of Rs 50,000 or above. ...