After years of investigation by U.S. law enforcement authorities, and a plea of guilty for conspiracy, Credit Suisse AG was sentenced on November 21, 2014 for conspiracy to aid and assist U.S. taxpayers in filing false income tax returns and other documents with the IRS. Credit Suisse admitted to operating an illegal cross-border banking businesses purposefully assisting thousands of U.S. clients in opening and maintaining undeclared accounts and in concealing offshore assets and income from the IRS. Credit Suisse acknowledged doing this for decades prior to and through 2009. Credit Suisse will now provide a complete disclosure of its cross-border activities, including account information regarding clients and other banks with which it operated to maintain secrecy for clients from the United States.
For more information, visit http://www.justice.gov/opa/pr/credit-suisse-sentenced-conspiracy-help-us-taxpayers-hide-offshore-accounts-internal-revenue.
