The first non-prosecution agreement signals expanded US tax enforcement opportunities at home and abroad. Since that presentation, the US Department of Justice (DOJ) has announced the first Non-Prosecution Agreement (NPA) with BSI, SA, (BSI) one of Switzerland’s largest banks, under its Swiss Bank Program. The NPA illuminates the Swiss banking community’s struggle to comply with […]

DOJ program for Swiss banks can mean trouble for U.S. taxpayers with undisclosed offshore accounts – A few days ago, it was reported that a full one-third of Swiss banks (some 106) sought to join the Department of Justice (DOJ) program which offers a non-prosecution agreement to the banks that opt in, in exchange for […]