The US Department of Justice has reportedly said that it plans to strike more non - prosecution agreements with Swiss banks over cooperation regarding criminal investigations into tax evasion by US citizens ; a number of non - prosecution agreements are expected to be signed in the “ very near future ” . Higher rates apply to accounts opened after August 2008, when the U.S. government publicly said it was pursuing offshore banks for potential tax evasion. Swiss bank BSI became the first bank to fall under the voluntary disclosure agreement last year , paying a $ 211mn penalty .
The US Department of Justice has reportedly said that it plans to strike more non - prosecution agreements with Swiss banks over cooperation regarding criminal investigations into tax evasion by US citizens ; a number of non - prosecution agreements are expected to be signed in the “ very near future ” . Swiss bank BSI became the first bank to fall under the voluntary disclosure agreement last year , paying a $ 211mn penalty .