Belgium charges Swiss bank UBS with money laundering, tax evasionFebruary 26, 2016 - 17:16 AMT PanARMENIAN.Net - A Belgian judge charged Swiss bank UBS on Friday, February 26 with money laundering and "serious and organized tax evasion," saying it directly sought clients in the country to help them skip taxes, the Associated Press reports. The spokesperson for the crown prosecutor, Jennifer Vanderputten, said in a statement that the charges were laid thanks to cooperation with French authorities, and refused to provide additional details. UBS did not immediately comment on the charges, which come on top of previous ones against its Belgian subsidiary. In that case, the head of the Belgian division was charged in June 2014 on suspicion that he and the firm had helped wealthy clients evade billions of euros in taxes. The suspected criminal activity is thought to have begun more than a decade ago, when UBS clients in Belgium were allegedly helped to reduce their tax payments. Information that led to the 2014 charges was given by compliance officers who had left UBS or had been fired and no longer supported the bank's tactics, AP says. UBS denied that its Belgian division, which has since been sold, had ever supported tax evasion. The new charges are under the supervision of judge Michel Claise. Top stories Authorities said a total of 192 Azerbaijani troops were killed and 511 were wounded during Azerbaijan’s offensive. In 2023, the Azerbaijani government will increase the country’s defense budget by more than 1.1 billion manats ($650 million). The bill, published on Monday, is designed to "eliminate the shortcomings of an unreasonably broad interpretation of the key concept of "compatriot". The earthquake caused a temporary blackout, damaged many buildings and closed a number of rural roads. Partner news | Cyprus parliament honors Armenian genocide victims Acting House President Zacharias Koulias noted that April 24 marks the “black anniversary” of the Armenian genocide. Armenia PM, France envoy discuss regional matters Issues related to the consistent development of Armenia-France cooperation were discussed. Azerbaijan razes historic Armenian church to ground Azerbaijan has demolished the historic Armenian Church of St. John the Baptist (known as Kanach Zham). Russia to begin assessing migrant workers' speaking skills Rosobrnadzor is planning to change the Russian language exam for migrant workers and include an assessment of speaking skills |