eBook | Foreign Asset Reporting: Navigating the Choppy Financial Seas.

BSI SA is First Bank to Reach NPA Under Justice Department’s Swiss Bank Program

On March 30, 2015, the Department of Justice announced that BSI SA, one of the largest private banks in Switzerland, was the first bank to reach a resolution under the Department of Justice’s Swiss Bank Program. Below are excerpts from DOJ’s press release. I have removed the comments from agency officials in order to highlight the more salient points: […]