Bank giant Krediet Suisse simply argued guilty of conspiracy to hide more than $ 4 billion for the US Internal Revenue Service (IRS) in at least 475 offshore accounts.
The US Department of Justice (DOJ) says that the bank broke a previous plea for the 2014 plea and helped our customers not to open and maintain offshore bank accounts to hide their assets for the IRS between 2010 and 2021.
The DOJ says that the culprit plea was the result of “a long -term investigation” through law enforcement.
“Among other things, fraudulent acts forged bankers at Credit Suisse, processed fictional donation paper work and provided more than $ 1 billion in accounts without tax compliance documentation.”
Credit Suisse AG Singapore did not hold -given accounts for American customers with assets of a total of more than $ 2 billion between 2014 and 2023.
The DOJ notes that the Bankgigant UBS, who acquired credit Suisse in 2023, drawn attention to the violations.
“In 2023, tijdens de post-merger van UBS AG Singapore en Credit Suisse AG Singapore, werd UBS op de hoogte van rekeningen die werden gehouden in Credit Suisse AG Singapore die leken niet te worden aangegeven in Amerikaanse rekeningen. UBS bevroor enkele van de rekeningen, vrijwillig openbaarde informatie over die geïdentificeerde rekeningen aan de ministerie van Justitie en gecommitteerd door een onderzoek naar de geïdentificeerde accounts. “
Credit Suisse agreed to pay more than $ 510.6 million in fines, refund, forfeiture and fines as part of the plea.
The bank, and by extension UBS, agreed to collaborate with current investigations and to announce all relevant information regarding American accounts. According to the Doj, the plea of the bank does not offer protection for involved persons.
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