UBS to restrict U.S. offshore account access: source

June 30th, 2009


ZURICH (Reuters) – U.S. clients of Swiss bank UBS will not be able to access secret accounts from July 1 unless they transfer the money onshore or close the account, a source familiar with the situation told Reuters on Tuesday.

With the move UBS is seeking to speed up its withdrawal from a controversial offshore business for U.S. clients, which is at the center of a U.S. tax row.

Continue reading at

Written by admin

Follow @FinTrCo