U.S. and Swiss Asset Management Firm Agree to a Non-Prosecution Agreement

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Friday, August 1, 2014

Author:

Bruce Zagaris

Volume:

30

Issue:

8

Abstract:

On May 9, 2014, the U.S. Department of Justice announced that Swisspartners Investment Network AG, a Swiss-based asset management firm, and three of its wholly-owned subsidiaries (Collectively, the Swisspartners Group), entered into a non-prosecution agreement (NPA) with the U.S. Attorney’s Office for the Southern District of New York and agreed to pay $4.4 million to the U.S.[1]