U.S. Government Encouraging Swiss Banks to Enter DOJ Amnesty Program

Jan 2, 2014

U.S. Department of Justice Strongly Encourages Swiss Banks to Join Amnesty Program

In a recent press release, the Tax Division of the U.S. Department of Justice (“DOJ”) strongly encouraged Swiss banks seeking criminal immunity for prior U.S. tax violations to submit the required paperwork and join the DOJ’s previously announced Program for Non-Prosecution Agreements or Non-Target Letters for Swiss Banks prior to the December 31. 2013 deadline. To entice participation in the program, the DOJ warns that Swiss banks that do not join the amnesty program run the risk that they will be incriminated by information supplied by other institutions that do join the program, leading to potential prosecution of the non-participating bank.

Categories:

Request Your Free Consultation

Name:

Please enter your name.
Phone:

This isn't a valid phone number.

Please enter your phone number.
Email:

This isn't a valid email address.

Please enter your email address.
Are you a new client?

Please make a selection.
Message

Please enter a message.