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Swiss bank BSI to pay $211 million to US in first self-reporting programme settlement

Joe Stanley-Smith
April 09, 2015
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Banca della Svizzera Italiana (BSI) will pay a $211 million penalty to the US Department of Justice (DoJ) and give information on other financial institutions to the US after becoming the first Swiss bank to complete the 'Swiss Bank Program'.

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NewsUnited StatesSwitzerlandTax DisputesCompliance ManagementNorth America
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Joe Stanley-Smith
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Joe manages ITR’s online and print coverage, and the publication’s events worldwide. He covers a range of tax issues affecting multinational corporations, particularly indirect tax matters and case studies.
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