Category: foreign bank accounts

Court of Appeal Upholds Sharing of Canadian Bank Account Info With US Authorities

The Federal Court of Appeal has affirmed the constitutionality of legislation that allows account information held by Canadian financial institutions to be shared with U.S. authorities. Two U.S.-born women who now live in Canada, Gwendolyn Louise Deegan and Kazia Highton, challenged the Canadian provisions implementing a 2014 agreement between the two countries that makes the information-sharing…


Irvine Man Agrees to Plead Guilty to Tax Evasion

SANTA ANA—An Irvine, Calif., man has agreed to plead guilty to tax evasion for failing to report interest income from his bank accounts in Hong Kong and Singapore, federal prosecutors announced April 13. Jean Guy Minn, 56, a South Korean national who lives in Irvine as a legal permanent resident, was charged April 13 with…