Yesterday we posted “Monday was the Swiss Bank’s Deadline to Reveal Hidden US Accounts to the IRS!” which discussed that approximately 300 Swiss Banks have until the end of today, Monday December 16, 2013, to decide whether to turnover their records to the Internal Revenue Service.

Today Walliser Kantonalbank became the latest Swiss bank to Accept United States Deal to avoid prosecution.

In a statement, Walliser Kantonalbank said that it had never focused on acquiring American clients but that it was unable to guarantee that all U.S. customers had fully complied with their United States tax obligations. Read More