June 3, 2015 - Two More Banks Reach Resolutions Under Justice Department's Swiss Bank Program
The Department of Justice announced today that two banks, Rothschild Bank AG and Banca Credinvest SA, have reached resolutions under the department’s Swiss Bank Program.
March 31, 2015 - BSI SA of Lugano, Switzerland, is First Bank to Reach Resolution Under Justice Department’s Swiss Bank Program
The Department of Justice announced today that BSI SA, one of the 10 largest private banks in Switzerland, is the first bank to reach a resolution under the Department of Justice’s Swiss Bank Program.
December 23, 2014 - Bank Leumi Admits to Assisting U.S. Taxpayers in Hiding Assets in Offshore Bank Accounts
A deferred prosecution agreement between the Bank Leumi Group and the Department of Justice was filed today in the Central District of California that defers prosecution on a criminal information charging the bank with conspiracy to aid and assist in the preparation and presentation of false tax returns and other documents to the Internal Revenue Service.
August 8, 2014 - Mizrahi Bank Client Sentenced for Filing False Tax Return
A Beverly Hills, California man was sentenced today in the U.S. District Court for the Central District of California to serve six months in prison and one year of home confinement for filing a false federal income tax return for tax year 2007, the Justice Department and Internal Revenue Service (IRS) announced.
June 18, 2014 - 2014 OVDP FAQs
Offshore Voluntary Disclosure Program Frequently Asked Questions and Answers
Effective for OVDP Submissions Made On or After July 1, 2014
June 18, 2014 - IRS announces TOUGHER Voluntary Disclosure Program Effective July 1, 2014
See the FAQs controlling the NEW 2014 Offshore Voluntary Disclosure Progam
June 4, 2014 - FATCA Foreign Financial Institution (FFI) List Search and Download Tool
The FFI List is updated the first day of each month. It includes all foreign financial institutions and branches that are in approved status at the time the list is compiled.
June 3, 2014 - JURY FINDS MIAMI MAN OWES CIVIL PENALTIES FOR FAILING TO REPORT SWISS BANK ACCOUNT
"As this jury verdict shows, the cost of not coming forward and fully disclosing a secret offshore bank account to the IRS can be quite high," said Assistant Attorney General Kathryn Keneally for the Justice Department's Tax Division. "Those who still think they can hide their assets offshore need to rethink their strategy."
May 27, 2014- Assistant Attorney General Kathryn Keneally of the Justice Department’s Tax Division Announced Her Departure from the Department Today, Effective as of June 5, 2014
Keneally was sworn in as the Assistant Attorney General for the Tax Division on April 6, 2012. Before joining the department, she practiced law in New York City, representing individuals and businesses before the Internal Revenue Service and the Department of Justice in criminal and civil tax cases.
May 23, 2014 - Alaska Plastic Surgeon Indicted on Tax Evasion Charges for Concealing Bank Accounts in Panama and Costa Rica
Brandner failed to report the existence of financial accounts in Panama and Costa Rica over which he had signature authority, and also failed to report foreign interest income of more than $9,000 for 2008, more than $150,000 for 2009, and more than $150,000 for 2010.
May 20, 2014 - Deputy Attorney General James M. Cole Speaks at Press Conference Announcing Guilty Plea in Credit Suisse Offshore Tax Evasion Case
After an exhaustive, multi-year investigation into the use of illegal offshore bank accounts at Credit Suisse, today we have announced an historic guilty plea by the bank and the largest monetary penalty of any criminal tax case ever.
May 13, 2014 - Swiss Asset Management Firm and Related Companies Agree to Resolve Criminal Tax Investigation
swisspartners Investment Network AG, a Swiss-based asset management firm, and three of its wholly-owned subsidiaries (collectively, the Swisspartners Group), entered into a non-prosecution agreement (NPA) with the U.S. Attorney’s Office for the Southern District of New York and agreed to pay $4.4 million to the United States.
April 17, 2014 - FATCA FAQs Posted by IRS
FATCA – FAQs General
March 13, 2014 - SWISS BANKER PLEADS GUILTY TO CONSPIRING WITH U.S. TAX EVADERS
Andreas Bachmann, 56, of Switzerland, pleaded guilty today to conspiring to defraud the Internal Revenue Service (IRS) in connection with his work as a banking and investment adviser for U.S. customers.
March 6, 2014 - IRS issues FATCA USER GUIDE
This guide explains the information required to be included in each data element of the FATCA
XML schema v1.0. The guide is divided into logical sections based on the schema and provides
information on specific data elements and any attributes that describe that data element.