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Weekly Roundup: Treasury Blacklists Brothers’ Circle Members, Zurich Bank Discloses Role in Tax Evasion Indictments, and More
printCantonal Bank of Zurich confirmed Thursday that it was the employer of three client advisers accused by the U.S. Justice Department of helping Americans hide $420 million in assets, swissinfo.ch reported. Swiss Finance Minister Eveline Widmer-Schlumpf said that the institution isn't under threat by U.S. investigators because they have chosen not to target individual banks as part of their negotiations over the Foreign Account Tax Compliance Act. More The defendants are accused of using code words and numbers to help American clients disguise their accounts. More The U.S. Treasury Department Thursday blacklisted a leader and two members of Eurasian criminal...
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