While the 20th Annual Conference of the International Association of Prosecutors took place in Zurich, Federal Councillor Eveline Widmer-Schlumpf met the US Minister of Justice, Loretta Lynch. They led a discussion on the implementation of the US Tax Program that was issued to resolve the tax dispute related to Swiss banks. The US Tax Program gives the opportunity for Swiss banks to enter into a non-prosecution agreement (NPA) with the US Department of Justice (DoJ) and pay a penalty to settle the dispute.
According to the official report, the two ministers discussed the need for equal treatment for all banks in setting fine amount and the evidence required for client asset taxation. They also spoke about the intention to conclude by year-end all NPAs with the banks in Category 2.