Two More Swiss Banks Promise To Stop Swiss Banking
Shed a tear for the tax evasion enthusiasts.
Still something for the Swiss to root for.
On a related note, if you’ve been tax-evading with Banque Pasche or Arvest Privatbank, expect a call from the IRS and/or FBI.
The DOJ said both banks provided “detailed information” about foreign customer accounts and how the banks helped them conceal assets to avoid paying U.S. taxes. “As required under the program, these banks will continue to cooperate as we aggressively pursue those individuals and the professionals who facilitated their criminal conduct,” the DOJ said.
Two Swiss Banks Settle With U.S. Justice Department [WSJ Risk & Compliance Journal blog]
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