Monday, April 25, 2022

US Ask Swiss Court For Help Collecting $316K FBAR Case

According to Law360, a federal court in Virginia issued a formal request Friday for Switzerland to serve a U.S. citizen there with a lawsuit seeking $316,000 in penalties for his purported failure to file reports of his foreign bank accounts in the case of U.S. v. Albert K. Cambata, case number 5:21-cv-00065, in the U.S. District Court for the Western District of Virginia.

The court sent what are called letters rogatory to Swiss judicial authorities after the U.S. government asked for them as part of its case against Albert Cambata. Letters rogatory or letters of request are a formal request from a court to a foreign court for some type of judicial assistance

The government said Cambata, who lives in Switzerland, owes around $316,000 for his non-willful failure to file reports of foreign bank and financial accounts between 2010 and 2012. 

He Was Cited in Those Years for FBAR Violations Associated With Foreign Accounts At Banks Including UBS, HSBC and Bank Julius Baer & Co. Ltd., The Government Said, and Has Yet To Pay Any Fines Despite Receiving Notice of Them.

The court said in Friday's letter that it would reimburse Switzerland for the cost of serving Cambata. 

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