Category: Crédit Agricole

As Offshore Banks Agree To U.S. Tax Evasion Deal, Account Holders Must Deal With IRS

Lately, the IRS is warning offshore account holders to disclose before it’s too late. Under FATCA, banks everywhere want to know if you are compliant with the IRS. And the cost of compliance for many people is growing. The IRS updated its list of foreign banks where accounts trigger a… – Continue reading

The inaugural “Sudanese U-Turn” Prize for Creative Financial Chicanery is awarded to Credit Agricole

The French bank Credit Agricole will pay US regulators $787 million for flagrant violations of international sanctions against Iran, Sudan, and other countries. While it almost isn’t news anymore that a global bank got caught violating the law and will pay a giant fine to make up for it, we… – Continue reading