The U.S. Department of Justice announced that two banks, Rothschild Bank AG and Banca Credinvest SA, have reached resolutions under the DOJ’s Swiss Bank Program.
Peter Amrein, a former Swiss banker, pleaded guilty to a tax conspiracy charge for helping U.S. taxpayers hide millions of dollars in offshore accounts from the Internal Revenue Service.
Raoul Weil, a former UBS AG banker, who headed their global wealth management group, was found not guilty yesterday by the federal jury in Fort Lauderdale, Florida.
Another victory for the government in their fight against hidden offshore accounts was announced today in Los Angeles.
IRS Announces Major Changes to Offshore Voluntary Disclosure Program
Goldman Sachs and Morgan Stanley Participate in Swiss Bank Disclosure Program, Will Reveal Account Information to DOJ
Swiss units of Goldman Sachs and Morgan Stanley are among more than 100 Swiss banks participating in the Department of Justice amnesty program.