Another Swiss Private Bank Signs with the DoJ. Banque Bonhote & Cie SA Will Pay a Fine of $624k
Banque Bonhote & Cie SA is another Category 2 bank of the US Tax Program to sign a Non Prosecution Agreement (NPA) with the US Department of Justice.
In the Banque Bonhote’s NPA we learn that since August 2008, the bank held and managed 63 US.related accounts, including both declared and undeclared accounts, which had a peak of aggregated assets under management of $88.7m. The institution will pay a penalty of $624k.
Tags: Agreement, Bank, Banque Bonhote & Cie SA, Category 2, Department of Justice, DoJ, Financial Institution, fine, Penalties, US Person, US Program, US Tax payer