UBS AG, the largest Swiss bank by assets, is in talks with the U.S. government to settle a lawsuit seeking the names of 52,000 American account holders suspected of using Swiss secrecy laws to evade taxes. The bank agreed with the U.S. and Swiss governments to seek a settlement and postpone an evidentiary hearing [on…
Category: Non-U.S.
NSW seeks laws to stop wave of ID frauds
Tough new laws aimed at clamping down on identity fraud are being drafted by the NSW government. Almost half a million Australians lost a combined $997 million to identity fraud in the last year, according to the Australian Bureau of Statistics (ABS). The ABS attributed the crime wave to the rapid expansion of internet technology,…
Post-mortem ID theft
According to Cifas data analyzed by Halo, if you’re in the UK and die, you apparently have a 16% risk of having your identity stolen after your death. That makes a somewhat compelling argument for not dying in the UK, doesn’t it?
NZ to plug privacy gaps in law
New Zealand’s Privacy Commissioner, Marie Shroff, in a submission to the Law Commission, has supported closing gaps in the current legal framework around privacy. The Commissioner made a submission to the Law Commission’s Stage 3 issues paper “Invasion of Privacy: Penalties and Remedies”, which looks at changes needed to the criminal and civil law to…