Justice Department Program for Voluntary Compliance for Swiss Banks Produces Many Participants as Initial Deadline Passes

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Saturday, March 1, 2014
Author: 
Bruce Zagaris
Volume: 
30
Issue: 
3
Abstract: 

As the initial deadline of December 31, 2013 passed for Swiss banks to participate in the Voluntary Compliance program for Swiss banks, it has produced a lot of applications by Swiss banks, guidance by the FINMA, the Swiss Financial Market Supervisory Authority, and more activity by U.S. taxpayers.