You could almost hear the whistles of the whistleblowers blasting away in Washington this past week, as the Securities and Exchange Commission (SEC) and Commodity Futures Trading Commission (CFTC) both announced (on the same day) their latest multi-million-dollar awards to un-named individuals who had come forward to quietly inform the authorities of regulatory violations they knew of that were being carried out on a significant scale.

In an announcement that is likely to remind many in the cross-border banking and tax advice industries of events that happened more than a decade ago – which involved a certain major Swiss bank – the U.S. Justice Department on Thursday announced that Israel’s largest banking group had admitted to "conspiring with U.S. taxpayers and others to hide more than US$7.6bn in more than 5,500 secret Swiss and Israeli bank accounts, and the income generated in these accounts, from the IRS". 

David McKeegan, co-head and co-founder of Greenback Expat Tax Services, and Daria Prohorenko, one of the firm's expat tax experts, join the American Citizens Abroad's legal counsel and ACA Global Foundation chairman Charles Bruce, pictured, in addressing expat Americans' concerns about "the implications of Covid-19 tax law changes, coronavirus rebates" and related subjects, in the ACA's third "TaxCast" episode, which is live as of today (April 30).