Irene-watch continues as storm moves from Bahamas to N Carolina

hurricane_irene_nasa_goes_2011

With luck, Irene is a name that will be used again GENEVA, SWITZERLAND – This is the moment to hope that Irene doesn’t join retirees Katrina, Mitch and Tracy, storms that were so violent their names were taken off the Atlantic hurricanes list, according to Geneva-based WMO (World Meteorological Organization). Irene is currently battering the […]

Swiss sanctions against Syrian president go into effect today

BERN, SWITZERLAND – Switzerland’s extended list of individuals from Syria, including President Bashar Al-Assad, whose assets are being blocked, is effective today, Wednesday 25 May. The government yesterday said it was expanding its 18 May list of people whose assets are frozen and who cannot travel to or through Switzerland, from 13 to 18. The […]

Swiss list of Tunisians whose assets can be frozen reaches 48

Bern, Switzerland (GenevaLunch) – The extended Ben Ali family from Tunisia figures heavily on the list of people whose assets can be frozen. The list, revised 4 February and published in German and French, now includes 48 people. The order by the Swiss government to freeze any assets potentially belonging to the deposed leader of […]

Swiss gov’t told to pay €14,000 for foreign name discrimination

Capture

Bern, Switzerland (GenevaLunch) – The Swiss government has been told by the European Court of Human Rights to pay a Swiss-Hungarian couple €10,000 in damages and reimburse them €4,515 in legal costs for discrimination against dual national couples. The two have been fighting Swiss marriage laws that prevented both of them from keeping their original […]

Swiss update Al Qaeda blacklist

Bern, Switzerland (GenevaLunch) – Four new names have been added and as many deleted from the Swiss federal government’s black list for people with suspected Al Qaeda links. Assets belonging to anyone on the list are frozen and people with any knowledge of fiinancial transactions linked to those on the blacklist must by law report […]

Swiss gov’t to hire five extra judges to handle UBS tax fraud requests

swiss_federal_tribunal_bern

Updated 14:00  Bern, Switzerland (GenevaLunch) – The Swiss cabinet has agreed to allow up to five additional but temporary posts for Federal Administrative Tribunal judges, to allow the high court to handle a sudden increase in legal cases likely to arise in relation to UBS client names requested by US tax authorities. Bern said Friday […]

Speculation grows over number of names UBS will hand to IRS

Updated 17 August  Geneva and Zurich, Switzerland (GenevaLunch) – International media are playing merry-go-round, speculating over the number of names of clients Swiss bank UBS will be required to hand to the IRS tax authority in the US, in the absence of any serious information: two Swiss newspapers, NZZ‘s Sunday edition and Sonntag over the […]