Credit Suisse under fire for helping American clients avoid tax; whistle-blower claims bank did not keep promise made seven years ago - AML Intelligence
AML Intelligence
Business Intelligence on AML and Financial Crime for Executive Leaders

Banking, Financial Services, North America, Regulatory

Credit Suisse under fire for helping American clients avoid tax; whistle-blower claims bank did not keep promise made seven years ago

Credit Suisse office in Zurich. Photo: Suw Charman-Anderson

Credit Suisse is facing fresh allegations that it continued helping certain American clients hide their wealth, it has emerged.

Although the global wealth manager and investment bank promised – on receipt of a huge financial penalty – that it would stop assisting clients avoid tax through offshore shell companies, a whistle-blower has said this the promise was not kept, the New York Times reported Saturday.

Login here or become a subscriber to AML Intelligence.
Login Subscribe Now