Money Laundering Bulletin

Timon Molloy

Document

Credit Suisse pays over US$510m for aiding tax evasion

Credit Suisse Services AG, now part of another Swiss bank, UBS, will pay US$510,608,909 in penalties, restitution, forfeiture and fines after admitting holding at least US$4 billion in over 475 offshore accounts for wealthy Americans evading US taxes.

By Sara Lewis

Credit Suisse Services AG, now part of another Swiss bank, UBS, will pay US$510,608,909 in penalties, restitution, forfeiture and fines after admitting holding at least US$4 billion in over 475 offshore accounts for wealthy Americans evading US taxes.

The rest of this document is only available to i-law.com online subscribers.

If you are already a subscriber, click Log In button.