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Swisspartners Group resolved a U.S. criminal tax probe by forfeiting $3.5 million and paying $900,000 in restitution for helping U.S. clients evade taxes.
Bloomberg BNA reported on May 9, 2014, that Swisspartners Group
resolved a U.S. criminal tax probe by forfeiting
$3.5 million and paying $900,000 in restitution for helping
U.S. clients evade taxes with secret accounts. The bank also
produced about 110 U.S. taxpayer client files to the U.S.
authorities. The agreement covers four
Swisspartners entities: Swisspartners Investment Network AG,
Swisspartners Wealth Management AG, Swisspartners Insurance Company
SPC Ltd., and Swisspartners Versicherung AG.
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