Category Penalty Mitigation

Jan

The Agefi states a very important in its article analysing the US Tax Program for the Swiss banks: the very existence of the Swiss...

Dec

BCV Reached a Solution under the US Tax Program, Signed NPA, and Will Pay a Penalty of $41.677m

Data Transmission, Department of Justice, Financial Institution, Fine Calculation, Internal Revenue Service (IRS), Non Prosecution Agreement, Penalty Mitigation

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The US Department of Justice (DoJ) announced that Banque Cantonale Vaudoise (BCV) reached a solution under the US Tax Program. The bank signed a Non-Prosecution Agreement...

Dec

US Tax Dispute with the Swiss Banks Continues Settlement: Bordier & Cie, PBZ Verwaltungs AG & PostFinance AG Agrees with the DoJ

Data Transmission, Department of Justice, Financial Institution, Fine Calculation, Internal Revenue Service (IRS), Non Prosecution Agreement, Penalty Mitigation

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In the run up to year-end, the US Department of Justice (DoJ) announced that Bordier & Cie Switzerland (Bordier), PBZ Verwaltungs AG (PBZ) and...

Dec

US Tax Dispute Settlements Continue: 3 more Category 2 Banks Signed an NPA with the DoJ and Collectively Will Pay over $130m

Data Transmission, Department of Justice, Financial Institution, Fine Calculation, Internal Revenue Service (IRS), Non Prosecution Agreement, Penalty Mitigation

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The US Department of Justice (DoJ) announced that Credit Agricole (Suisse) SA (CAS), Dreyfus Sons & Co Ltd, Banquiers (Dreyfus), and Baumann & Cie, Banquiers...

Dec

DoJ & Swiss Banks: 2 more Category 2 Banks, Corner Bank & Bank Coop Sign an NPA and will pay respectively $5.068m and $3.223m

Data Transmission, Department of Justice, Financial Institution, Fine Calculation, Internal Revenue Service (IRS), Non Prosecution Agreement, Penalty Mitigation

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The US Department of Justice (DoJ) announced today that Cornèr Banca SA (Corner) and Bank Coop AG (Bank Coop) reached a solutions under US...

Dec

The DoJ Announces EFG Bank European Financial Group SA, Geneva, and EFG Bank AG Reach Joint Solution

Data Transmission, Department of Justice, Financial Institution, Fine Calculation, Internal Revenue Service (IRS), Non Prosecution Agreement, Penalty Mitigation

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The US Department of Justice (DoJ)announced that EFG Bank European Financial Group SA, Geneva (EFG Group), and EFG Bank AG (EFG Bank) reached a joint...

Nov

Swiss Banks: More and More Settlements in the US Tax Dispute

Department of Justice, Financial Institution, Fine Calculation, Non Prosecution Agreement, Penalty Mitigation

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The Swiss newspaper NZZ provides a summary of the so far 57 settlements of Category 2 Banks out of an estimated 90+ participating in...

Nov

DoJ Announced that Deutsche Bank (Suisse) SA Reached a Solution in the Tax Dispute

Data Transmission, Department of Justice, Financial Institution, Fine Calculation, Non Prosecution Agreement, Penalty Mitigation

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The US Department of Justice (DoJ) announced today that Deutsche Bank (Suisse) SA (Deutsche Bank) reached a solution under the US Tax Program. The...

Nov

3 More Category 2 Banks Reached a Deal with the DoJ in the Tax Dispute

Data Transmission, Department of Justice, Financial Institution, Fine Calculation, Non Prosecution Agreement, Penalty Mitigation

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BNP Paribas (Suisse) SA (BNPP), KBL (Switzerland) Ltd. (KBL Switzerland) and Bank CIC, 3 Category 2 banks have reached a solution under the US...

Oct

Another Kantonalbank to Reach an Agreement with the DoJ

Data Transmission, Department of Justice, Financial Institution, Fine Calculation, Non Prosecution Agreement, Penalty Mitigation, Voluntary Disclosure

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Schaffhauser Kantonalbank (SHKB)has reached a solution with the US Department of Justice (DoJ). The bank took part in the US Tax Program under Category...