Credit Suisse Services AG Pleads Guilty to Tax Crimes Relating to Conduct in Singapore

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Friday, May 16, 2025

Author:

Bruce Zagaris

Volume:

41

Issue:

6

Abstract:

On May 5, 2025, the U.S. Department of Justice (DOJ) announced that Credit Suisse Services AG (hereafter Credit Suisse) pleaded guilty and was sentenced to conspiring to hide more than $4 billion from the IRS in at least 475 offshore accounts. The guilty plea arises from a years-long investigation by U.S. law enforcement.[1]