August 15, 2018 - Manhattan U.S. Attorney Announces Criminal Charges Against Zürcher Kantonalbank
Manhattan U.S. Attorney Announces Criminal Charges Against Zürcher Kantonalbank Of Switzerland, With Deferred Prosecution Agreement Requiring Payment Of $98.5 Million, As Well As Guilty Pleas Of Two Zürcher Kantonalbank Bankers
January 2, 2017 - Zurich Bank Agrees to Pay $5.9Mln to Settle Row With Germany Over Untaxed Assets
"The Zuercher Kantonalbank has reached a consensual agreement with justice authorities in Cologne and will make a one-off payment to the tune of 5.7 million euros [$5.9 million]," the bank said in a statement.
December 2, 2016 - Two Swiss bankers plead not guilty to U.S. offshore tax scheme
Stephan Fellmann, 52, and Christof Reist, 58, who live in Switzerland, entered their pleas in federal court in Manhattan after agreeing to face charges contained in an indictment that has been pending since 2012.
December 2, 2016 - ZKB to Shutter Branches in Zurich Region
Zuercher Kantonalbank is closing agencies and branches as it adjusts to changing habits of its customers. The affected employees will be offered new jobs.
October 13, 2014 - Draft U.S. deal for Swiss banks in tax row seeks 'total cooperation': paper
The U.S. Department of Justice (DOJ) is seeking "total cooperation" from Swiss banks in a draft agreement aimed at allowing the banks to make amends for aiding tax evasion by wealthy Americans, a Swiss newspaper reported on Saturday.
October 13, 2014 - 100 Swiss Banks Get Ultimatum: Hand Over Americans Or Face U.S. Prosecution
The U.S. seeks ‘total cooperation’, and that truly means total. Any American names, details, and more. The Justice Department intends to get it all.
June 4, 2014 - IRS Announcing New Voluntary Disclosure Program for Americans Residing Overseas
On June 3, 2014, IRS Commissioner Koskinen announced that the IRS "will soon put forward modifications to the [Voluntary Disclosure & Streamlined] programs currently in place" for U.S. citizens residing overseas.
June 3, 2014 - RPT-Swiss banks risk bigger than expected fines in U.S tax case
"Credit Suisse's lack of effective cooperation was an important additional factor in determining the resolution of the case," U.S. Deputy Attorney General James Cole said on May 21 in a talk at the University of Texas School of Law. "Put simply, cooperation matters." ($1 = 0.8940 Swiss Francs) (Additional reporting by Rupert Pretterklieber and Oliver Hirt in Zurich; editing by Laura Noonan and Tom Pfeiffer)
June 2, 2014 - Credit Suisse (NYSE: CS) Shows Way to Other Swiss Banks Under US Tax Scanner
Zuercher Kantonalbank, Julius Baer Group Ltd. and the Swiss branch of HSBC Holdings Plc (NYSE: HSBC) are included among the banks, which seek to avoid a guilty plea for assisting US citizens so that they can swindle the Internal Revenue Service.
May 27, 2014 - Credit Suisse Offers Map to 13 Swiss Banks in U.S. Tax Probe
“We will look at the facts and circumstances of each investigation to determine an appropriate penalty,” Assistant U.S. Attorney General Kathryn Keneally said in an interview. “It should be very clear from the Credit Suisse investigation that cooperation, or the lack thereof, is an important factor.”
May 22, 2014 - Remaining ‘hit list’ banks sweat over US verdicts
I believe that the cantonal banks will likely resolve their respective cases with non-prosecution agreements or deferred prosecution agreements, unless the actions of a given bank were exceptionally egregious.” Teig Lawrence
May 20, 2014- Swiss Expect Julius Baer, Basler, ZKB to Strike U.S. Deals Soon
Julius Baer Group Ltd. (BAER), Basler Kantonalbank and Zuercher Kantonalbank are among so-called group 1 Swiss financial firms, investigated by the Department of Justice since 2011 for allegedly helping Americans hide money from the Internal Revenue Service, that are seeking to strike individual agreements to avoid or defer prosecution by the U.S.
January 15, 2014 - H. Ty Warner Sentenced to Probation After Paying $80 Million in Taxes and Penalties for Tax Evasion on Funds Hidden in Secret Swiss Bank Accounts
Instead of opening the ZKB account in his own name, Warner opened the account in the name of a purported Liechtenstein entity, the “Molani Foundation,” which effectively concealed his identity as the account holder.
December 24, 2013 - TLPA Consulting On Swiss Bank Disclosure Program
Teig Lawrence is available to consult with Swiss Banks of all sizes with respect to satisfying the compliance requirements of this Swiss Bank Voluntary Disclosure Program.
December 16, 2013- Several Swiss cantonal banks to join U.S. tax deal
Banque Cantonale Vaudoise (BCV), Banque Cantonale de Geneve (BCGE), St. Galler Kantonalbank, Zuger Kantonalbank, Luzerner Kantonalbank and Graubuendner Kantonalbank said they were participating in the program.