According to the committee, Credit Suisse bankers helped the family of US-Latin American citizens – referred to as “The Family” – hide nearly $100 million.
— the committee said it had uncovered “major violations” of the 2014 agreement between the Swiss lender and the Department of Justice for enabling tax evasion.
According to the committee, Credit Suisse bankers helped the family of US-Latin American citizens – referred to as “The Family” – hide nearly $100 million.In an emailed statement, Credit Suisse said it did not tolerate tax evasion and had been cooperating with US authorities. At the center of this investigation are greedy Swiss bankers and catnapping government regulators,” Sen. Ron Wyden said.Credit Suisse in 2014 became the largest bank in 20 years to plead guilty to a US criminal charge, agreeing to pay a $2.5 billion fine for helping Americans evade taxes in a conspiracy that spanned decades.It was one of a string of scandals that rocked Switzerland’s second-biggest lender and contributed to it being forced into the arms of UBS.
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