US Justice Department suspects Credit Suisse of aiding tax evasion
[ad_1]
The U.S. Justice Department suspects Credit Suisse of helping its U.S. clients hide income from the IRS, reports Bloomberg.
In 2014, on similar charges, the bank was already fined US authorities for $2.6 billion. However, now regulators have new information that the Swiss bank provides illegal services to customers, in particular from South America. Hundreds of millions of dollars undeclared by Credit Suisse account holders, according to sources familiar with court documents.
The bank itself denies all allegations. “Credit Suisse does not tolerate tax evasion,” the bank statement.- Since 2014, we have significantly improved our work in order to eradicate everything related to hiding assets from the tax authorities. It is our clear policy to close undeclared accounts upon discovery of a violation and to discipline any employee who fails to comply with the bank’s policies.” The bank stressed that it is fully cooperating with the investigation.
About what else the Swiss bank was accused of, read in the publication “Kommersant” “Credit Suisse didn’t clean up the criminal case”.
[ad_2]
Source link
