According to Reuters - More Swiss banks that helped wealthy Americans evade taxes will soon strike agreements with the U.S. Department of Justice to avoid prosecution, an official overseeing the U.S. government program told Reuters.
As a result of leads from banks involved in the voluntary disclosure program, Ciraolo said, the Justice Department is going after individual account holders as well as bankers and other professionals who helped conceal offshore accounts.
"I would stay tuned," Acting Assistant Attorney General Caroline Ciraolo of the Justice Department's Tax Division said in an interview late on Tuesday, adding that a number of non-prosecution agreements will be signed in the "very near future."
Last week, Swiss bank BSI SA became the first bank to reach a resolution under a voluntary disclosure program for tax-related offenses run by the Justice Department. BSI agreed to pay a $211 million penalty after admitting it had for decades assisted thousands of U.S. clients in opening accounts in Switzerland and hiding assets from tax authorities.
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