Credit Suisse and Zurich Cantonal, have obtained government ![Credit Suisse[1]](https://i0.wp.com/taxconnections.com/taxblog/wp-content/uploads/Credit-Suisse1.jpg?resize=123%2C75)
approval to send the US Department of Justice (USDoJ) lists of American clients who have moved assets out of their accounts to another bank.The so-called ‘leaver lists’ do not identify clients but do name the destination banks, which the USDoJ will then pursue with further disclosure notices.
The Swiss government announced a new approach allowing banks to hand over data to U.S. authorities in a bid to solve a dispute over undeclared assets and forestall further indictments by the Department of Justice.
The government is proposing banks apply for individual authorization to surrender records intended to yield information on Americans who cheated on their taxes, Finance Minister Eveline Widmer-Schlumpf said in the capital, Bern, Wednesday.
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