The US Department of Justice has reportedly said that it expects to strike more non-prosecution agreements with Swiss banks over cooperation regarding US investigations into tax evasion by US citizens; a number of non-prosecution agreements are expected to be signed in the “very near future”. In addition, Switzerland is also negotiating an agreement on banking secrecy between its government and the United States.
The US Department of Justice has reportedly said that it expects to strike more non-prosecution agreements with Swiss banks over cooperation regarding US 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 settle under the voluntary disclosure agreement last week, paying a $211mn penalty.