U.S. Supreme Court Orders Swiss Bank to Turn Over Bank Records of Panamanian Subsidiary in Criminal Tax Case

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Sunday, March 1, 1992
Pg. 89
On February 24, the United States Supreme Court ordered the Union Bank of Switzerland to turn over bank records in the possession of its Panamanian subsidiary. In doing so, the Court rejected the bank’s appeal against a federal grand jury subpoena. The records are sought by a federal grand jury in connection with an investigation by the U.S. Attorney’s office in Miami into possible criminal violations of federal tax laws…[more]