Financial Transparency Coalition

JOHANNESBURG — Frederick Chiluba, the former president of Zambia whose government became internationally notorious for corruption during his years in office, was acquitted Monday on charges of stealing about $500,000 from the state.

ZURICH (Reuters) - Details of a landmark settlement of the U.S. tax case against Swiss bank UBS are expected this week, which should help the bank restore its image and open the way for the Swiss state to sell its UBS stake.

GENEVA — Liechtenstein's reigning prince has angered German Jews by invoking the Holocaust to defend his country's banking secrecy laws, drawing sharp reactions Monday.

Last week was not kind to tax evaders. Liechtenstein agreed an information-sharing treaty with the UK that, should it serve as a model for the principality’s deals with other countries, would put it out of the tax-haven business. The OECD recognised the Cayman and British Virgin Islands as having implemented the organisation’s tax standards. The US forced more names of suspected tax evaders out of Swiss bank UBS. The war on tax piracy is making progress.