The Handelszeitung reported that the US Department of Justice (DoJ) requested that around 40 of the 90 Category 2 banks still in the US Program provide further clarification and information. As a reminder The Category 2 banks are the banks that were not under investigation by the DoJ at the time of signature of the US Program but have reason to believe that they have committed tax-related offenses. The Category 2 banks need to deliver information about the cross-border business on US-related accounts and pay a fine that is based on a lump sum calculation for undeclared accounts. This would allow them to obtain a Non-Prosecution Agreement (NPA).

The other c.a. 50 banks have been deemed unproblematic by the DoJ but will probably have to wait until spring 2015 to settle their cases together with those providing additional information reports the newspaper.




This was also reported by international media:


Wall Street Journal