Now, why did Credit Suisse ignore its own policies and pay for Swiss bankers to do this, to transact business?
I have indicated that we hope that treaty will get ratified, but it has its limits, and it does not apply to thousands of accounts of people...
the reason was Swiss secrecy laws.
That is totally unacceptable, and I just hope that our Department of Justice understands that...
UBS' actions sent a powerful signal that U.S. tax cheats using offshore accounts better pay up or face prosecution.
if the banks will not cooperate, citing Swiss secrecy laws, then we simply have to use our own domestic laws to force cooperation from the b...
The trouble is that the Justice Department has been deterred by the Swiss Government's law.
instead of enforcing the grand jury subpoenas in a U.S. court to obtain the U.S. client names in Switzerland, the Department of Justice put ...
They have not changed their laws, have they?
So SALN had about perhaps 10 percent of the Swiss accounts opened by U.S. customers, and about 90 percent were spread out across the rest of...
The bank has acknowledged that it has also worked with other intermediaries.