US authorities investigating Singapore asset manager in offshore tax evasion crackdown, says WSJ

[SINGAPORE] Criminal investigators from the US Internal Revenue Service (IRS) are investigating whether a Singapore asset-management firm accepted transfers from undeclared Swiss accounts closed by US taxpayers, the Wall Street Journal reported.

Lawyers who spoke to the Journal on the matter declined to name the Singapore firm being probed but said a handful of clients were being questioned about the asset manager.

Read full story here.