According to Reuters, 73 of the hundred of Category 2 Swiss banks wrote an 11 page letter to the US Department of Justice (DoJ) via 18 law firms asking the DoJ to clarify and reconsider its latest model Non-Prosecution Agreement (NPA). 12 points are raised relates the NZZ. For example a clear end date of the cooperation is required, the proposal is 2 years. The model NPA requires banks to cooperate with any US and even foreign governmental institutions identified by the DoJ on criminal investigations. The letter then requires a clear limitation to the DoJ for the cooperation. This requirement goes far beyond the scope of the US Program and clashes with Swiss laws.
DoJ spokeswoman Nicole Navas said “We are working through a number of issues in order to implement the requirements of the program and conclude agreements with the individual banks in Category 2”.