The Swiss citizens pleaded guilty last year to conspiring to defraud the Internal Revenue Service by helping clients hide assets. Credit Suisse’s main bank unit paid its penalty after admitting in May it helped Americans evade taxes.
The $2.6bn penalty on Credit Suisse was the highest since the U.S. began targeting offshore tax evasion in 2008. A dozen Swiss banks still face criminal probes, and about 100 are seeking deals that they won’t be prosecuted by disclosing their wrongdoing and paying fines.
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