• Safi Bello

Justice Department Announces Deferred Prosecution Agreement With Basler Kantonalbank

U.S. Department of Justice press release ---------- Basler Kantonalbank (BKB), a bank headquartered in Basel, Switzerland, entered into a deferred prosecution agreement (DPA) that was approved today by the U.S. District Court for the Southern District of Florida, announced Principal Deputy Assistant Attorney General Richard E. Zuckerman of the Department of Justice’s Tax Division, United States Attorney Benjamin G. Greenberg, and Chief Don Fort for Internal Revenue Service-Criminal Investigation. As part of the agreement, Basler Kantonalbank will pay $60.4 million in total penalties. “The era of hiding money overseas to evade U.S. tax obligations is over,” said Principal Deputy Assistant Attorney General Richard E. Zuckerman of the Justice Department’s Tax Division. “Financial institutions, professionals, and accountholders are on notice that the Department continues to aggressively pursue these offenses and will hold both individuals and entities accountable.” To learn more click on the picture below to read the release.

Justice Department Announces Deferred Prosecution Agreement With Basler Kantonalbank - Read More from DOJ

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