Swiss authorities have been working with the United States since 2009 to ensure its banks are no longer utilized as a haven for United States tax evasion. Swiss government officials and banks have continued to cooperate with the United States in uncovering illegal activities and changing business operations. Most recently, Credit Suisse pleaded guilty to a criminal charge for its role in assisting American’s with tax evasion, resulting in an agreement to pay $2.6 billion in penalties but without a requirement to provide names of the United States clients who may have used the Credit Suisse Bank to hide money from the Internal Revenue Service.
For more information, read the DOJ Press Release.
Original Post By: Betty Williams
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