BERMUDA: BUTTERFIELD BANK ADMITS IT HELPED AMERICANS EVADE US TAXES

On 4 August, Bloomberg Quint reported that the Bank of NT Butterfield & Son, based in Bermuda, has agreed to pay $5.6 million to resolve a criminal probe by US authorities after admitting it helped hundreds of American clients evade taxes 2001-2013.

https://www.bloombergquint.com/onweb/bermuda-bank-butterfield-admits-helping-americans-evade-taxes

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Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

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