Approximately 300 Swiss Banks had until the end of Monday December 16, 2013, to decide whether to turnover their records to the Internal Revenue Service. “I can confirm that the deadline is this evening, at the end of the business day, “a spokesman for Swiss financial market regulator FINMA, told AFP, refusing to say how many banks had already signed up to take part in the program.

On Thursday, August 29, 2013, we previously posted “Swiss Banks Agree to Plan to End Past US Tax Evasion Issues!“) where we discussed that under a deal reached between Bern and Washington, Swiss banks are ready to pay big fines for sheltering United States tax fugitives under the terms of a new deal approved by the Swiss Government. Read More