A Glimmer of Hope for Lower Criminal and Civil FBAR Penalties

On June 17, 2010, the Swiss Parliament ratified the settlement agreement between the U.S. Department of Justice (DOJ) and UBS AG, and the process of turning over the names and Swiss banking information of approximately 4,450 U.S. taxpayers began.

20 minute readFebruary 27, 2011 at 08:55 AM
By
Sharon L. McCarthy
A Glimmer of Hope for Lower Criminal and Civil FBAR Penalties

The year 2010 will go down in history as the year the great wall of Swiss bank secrecy officially collapsed. On June 17, 2010, the Swiss Parliament ratified the settlement

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