U.S. Justice Department Enters into Deferred Prosecution Agreement with Julius Baer and Guilty Pleas With Two of Its Bankers

IMPORTANT: The full content of this page is available to premium users only.

Friday, February 12, 2016
Author: 
Bruce Zagaris
Volume: 
32
Issue: 
2
Abstract: 
On February 4, 2016, the U.S. Department of Justice announced the filing of criminal charges against Bank Julius Baer & Co. Ltd. (BJB), a financial institution headquartered in Zurich, Switzerland.  BJB is charged with conspiring with many of its U.S. taxpayer-clients and others to help U.S. taxpayers hide billions of dollars in offshore accounts from the IRS and to evade U.S. taxes on the income earned in those accounts.