Compliance Issues Internal Revenue Code Switzerland Tax Compliance

Justice Department Expecting to Collect over $1.36 billion from Swiss Banks

In the beginning of 2016, the Justice Department reported that it is expecting to collect over $1.36 billion from 80 Swiss banks and financial institutions that admitted to aiding U.S….

Compliance Issues Switzerland

Swiss Bank Julius Baer Reaches $547M U.S. Tax Evasion Settlement

On December 30, Swiss Bank Julius Baer set aside $547 million as part of its settlement with the U.S. Department of Justice for its role in assisting clients evade United…

Switzerland

Swiss Bankers Association Publishes Dormant Accounts List Worth 44 Million

On December 16, the Swiss Bankers Association published a list online which includes the names, last know addresses and nationalities of approximately 2,600 owners of safe-deposit boxes and accounts that…

Compliance Issues Foreign Tax Preparation Switzerland

Credit Suisse Agrees To $196 Million Settlement With The SEC

Credit Suisse Group AG agreed to pay $196.5 million and admit wrongdoing to settle U.S. Securities and Exchange Commission charges that it provided cross-border brokerage and investment advisory services to…