Financial Transparency Coalition

Wealthy U.S. citizens using a tax-evasion amnesty program have identified nearly 10 Swiss and European banks where their accounts are held, opening new fronts in the Internal Revenue Service's probe into potential tax crimes, according to people familiar with the situation.

Reuters published a little factsheet on the status of banking secrecy around Europe today. The factsheet goes country by country providing a brief summary of the status of each one. While certainly not penetrating too deeply into each country, it does provide a nice reference. Check it out here...

Reuters - Liechtenstein and Britain said on Tuesday they had signed an agreement to encourage British clients of banks in the Alpine principality to voluntarily disclose untaxed money. Here are some details about European countries who have been maintaining strict laws protecting banking privacy.