Financial Transparency Coalition

WASHINGTON — A former executive of Bennett Environmental Inc. (BEI), a Canadian-based company that treats and disposes of contaminated soil, pleaded guilty to participating in a conspiracy to pay kickbacks and commit fraud at the U.S. Environmental Protection Agency (EPA)-designated Superfund site, Federal Creosote, located in Manville, N.J. The former executive also pleaded guilty to participating in a money laundering conspiracy and impeding a proceeding before the U.S. Securities and Exchange Commission (SEC), the Department of Justice announced today.

On June 30th, the US Department of Justice filed its legal brief in the UBS case in the Federal District Court in Miami. The filing came amid speculation that the Justice Department might be looking to settle the case with UBS, as a diplomatic gesture towards the Swiss.

The United Kingdom welcomes Jersey’s progress in signing Tax Information Exchange Agreements, which strengthen its reputation as a jurisdiction committed to good governance in tax matters. Noting that Jersey recently concluded its fourteenth agreement, Financial Secretary to the Treasury, Stephen Timms, said:

Statement by Mr. Håkon Golbrandsen, the Norwegian State Secretary for International Development, at the United Nations Conference on the World Financial and Economic Crisis and Its Impact on Development in New York.