Trends, Developments in DOJ Investigation of Foreign Banks
Categories: Dispute Resolution
On March 30, 2015, the U.S. Department of Justice announced that it had entered into a non-prosecution agreement with Swiss bank BSI SA for aiding U.S. taxpayers to evade income taxes through unreported offshore accounts—the first resolution under the DOJ’s Program for Swiss banks. The Program, announced on Aug. 29, 2013, is an amnesty program for Swiss banks not already under DOJ investigation.
