The world's tax havens are being forced to clean up their acts.
As Switzerland and other locales tightened their controls, many initially flocked to other tax havens like Singapore and Hong Kong, which still offer some of the world's most secret accounts. But these places, too, are facing new pressures.
Several European allies reached an agreement with the US in February to help enforce the Foreign Account Tax Compliance Act, which requires that virtually every financial institution in the world report any accounts held by Americans. Full story
