Since 2007, American prosecutors have charged more than four dozen American clients of Swiss banks, including UBS and Credit Suisse and nearly three dozen foreign bankers, lawyers and financial intermediaries involved with secret offshore accounts have been indicted. Since 2009 The IRS has sponsored offshore voluntary disclosure programs that HAS brought in at least $6.5 […]

The following has been reported on Reuters 20 may 2014  – 1.  Credit Suisse has agreed to pay a $2.5 billion (1.4 billion pounds) fine to authorities in the United States for helping Americans evade taxes after becoming the largest bank in 20 years to plead guilty to a U.S. criminal charge. 2.  The bank’s […]