Andorra news: Tax haven secrets uncovered

The cover of Spain’s XL Semanal, a weekly magazine, is dedicated to Andorra with the headline “Andorra: secrets of the tax haven”.

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Switzerland news: Julius Bär bank under investigation for money-laundering in carbon credit VAT fraud case

German-language media report that private bank Julius Bär is under investigation by French authorities for money-laundering. [Update 1/10/14: Reuters covers story in English here]

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Liechtenstein news: Banking sector grows in first half 2014 despite “end” of bank secrecy reports that:

“Most banks in Liechtenstein’s finance centre have increased the assets they manage in the first semester. This growth was not linked to overall development of financial markets, but in particular to the influx of new money.

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