According to Reuters, Acting Assistant Attorney General Caroline Ciraolo of the Justice Department’s Tax Division said in an interview ‘We’re hopeful that agreements [NPA] will be reached with the other banks by the end of this calendar year’ dding that a number of non-prosecution agreements will be signed in the ‘very near future’.

Leads provided by banks taking part in the US Tax Program will be used by the US Department of Justice (DoJ) to go after individual account holders as well as bankers and other professionals who helped conceal offshore accounts.