U.S. Releases Proposed Model Non-Prosecution Agreement for Swiss Banks

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Friday, March 20, 2015
Author: 
Bruce Zagaris
Volume: 
31
Issue: 
3
Abstract: 
In early March 2015, the tax media published the U.S. Department of Justice (DOJ) draft U.S. Department of Justice Model Non-Prosecution Agreement (NPA) for Swiss Banks. Swiss banks participating under Category 2 of DOJ’s Voluntary Disclosure (VD) Program for Swiss Banks will be required to enter into NPAs in order to resolve their U.S. criminal problems.