SWISS BANK PROGRAM
The Swiss Bank Program, which was announced on August 29, 2013, provides a path for Swiss banks to resolve potential criminal liabilities in the United States. Swiss banks eligible to enter the program were required to advise the department by Dec. 31, 2013, that they had reason to believe that they had committed tax-related criminal offenses in connection with undeclared U.S.-related accounts. Banks already under criminal investigation related to their Swiss-banking activities and all individuals were expressly excluded from the program.
The Tax Division made comments on the Swiss Bank program on November 5, 2013, and June 5, 2014.
Under the program, banks are required to:
- Make a complete disclosure of their cross-border activities;
- Provide detailed information on an account-by-account basis for accounts in which U.S. taxpayers have a direct or indirect interest;
- Cooperate in treaty requests for account information;
- Provide detailed information as to other banks that transferred funds into secret accounts or that accepted funds when secret accounts were closed;
- Agree to close accounts of accountholders who fail to come into compliance with U.S. reporting obligations; and
- Pay appropriate penalties.
Swiss banks meeting all of the above requirements are eligible for a non-prosecution agreement.
NON-PROSECUTION AGREEMENTS EXECUTED UNDER THE SWISS BANK PROGRAM
| NUMBER | BANK NAME | DATE | PRESS RELEASE | NPA and Attachments |
|---|---|---|---|---|
| 1 | BSI SA | 3/30/15 | Press Release | NPA and SOF (176.16 KB) Statement of Facts (209.47 KB) Board Resolution (64.37 KB) |
| 2 | Vadian Bank AG | 5/8/15 | Press Release | NPA and SOF (406.6 KB) |
| 3 | Finter Bank Zurich | 5/15/15 | Press Release | NPA and SOF (24.14 MB) |
| 4 | Société Générale Private Banking (Lugano-Svizzera) | 5/28/15 | Press Release | NPA and SOF (403.13 KB) |
| 5 | MediBank AG | 5/28/15 | Press Release | NPA and SOF (315.33 KB) |
| 6 | LBBW (Schweiz) AG | 5/28/15 | Press Release | NPA and SOF (338.89 KB) |
| 7 | Scobag Privatbank AG | 5/28/15 | Press Release | NPA and SOF (396.38 KB) |
| 8 | Rothschild Bank AG | 6/3/15 | Press Release | NPA and SOF (444.58 KB) |
| 9 | Banca Credinvest SA | 6/3/15 | Press Release | NPA and SOF (506.47 KB) |
10 | Société Générale Private Banking (Suisse) SA | 6/9/15 | Press Release | NPA and SOF (433.58 KB) |
| 11 | Berner Kantonalbank AG | 6/9/15 | Press Release | NPA and SOF (411.23 KB) |
| 12 | Bank Linth LLB AG | 6/19/15 | Press Release | NPA and SOF (566.31 KB) |
| 13 | Bank Sparhafen Zurich AG | 6/19/15 | Press Release | NPA and SOF (439.96 KB) |
| 14 | Ersparniskasse Schaffhausen AG | 6/26/15 | Press Release | NPA and SOF (3.16 MB) |
| 15 | Privatbank Von Graffenried AG | 7/2/15 | Press Release | NPA and SOF (5.13 MB) |
| 16 | Banque Pasche SA | 7/9/15 | Press Release | NPA and SOF (4.05 MB) |
| 17 | ARVEST Privatbank AG | 7/9/15 | Press Release | NPA and SOF (3.84 MB) |
| 18 | Mercantil Bank (Schweiz) AG | 7/16/15 | Press Release | NPA and SOF (336.05 KB) |
| 19 | Banque Cantonale Neuchâteloise | 7/16/15 | Press Release | NPA and SOF (353.24 KB) |
| 20 | Nidwaldner Kantonalbank | 7/16/15 | Press Release | NPA and SOF (383.84 KB |
| 21 | SB Saanen Bank AG | 7/23/15 | Press Release | NPA and SOF (4.14 MB) |
| 22 | Privatbank Bellerive AG | 7/23/15 | Press Release | NPA and SOF (3.19 MB) |
| 23 | PKB Privatbank AG | 7/30/15 | Press Release | NPA and SOF (3.19 MB) |
| 24 | Falcon Private Bank AG | 7/30/15 | Press Release | NPA and SOF (3.97 MB) |
| 25 | Credito Privato Commerciale in liquidazione SA | 7/30/15 | Press Release | NPA and SOF (2.24 MB) |
| 26 | Bank EKI Genossenschaft | 8/3/15 | Press Release | NPA and SOF (5.59 MB) |
| 27 | Privatbank Reichmuth & Co. | 8/6/15 | Press Release | NPA and SOF (3.49 MB) |
| 28 | Banque Cantonale du Jura SA | 8/6/15 | Press Release | NPA and SOF (4.57 MB) |
| 29 | Banca Intermobiliare di Investimenti e Gestioni (Suisse) SA | 8/6/15 | Press Release | NPA and SOF (3.62 MB) |
| 30 | Bank Zweiplus Ag | 8/20/15 | Press Release | NPA and SOF (3.37 MB) |
| 31 | Banca dello Stato del Cantone Ticino | 8/20/15 | Press Release | NPA and SOF (3.88 MB) |
| 32 | Hypothekarbank Lenzburg AG | 8/27/15 | Press Release | NPA and SOF (392.71 KB) |
| 33 | Schroder & Co. Bank AG | 9/3/15 | NPA and SOF (4.04 MB) | |
| 34 | Valiant Bank AG | 9/10/15 | Press Release | NPA and SOF (13.3 MB) |
| 35 | Bank La Roche & Co AG | 9/15/15 | Press Release | NPA and SOF (344.31 KB) |
| 36 | St. Galler Kantonalbank AG (SGKB) | 9/17/15 | Press Release | NPA and SOF (1.49 MB) |
| 37 | E. Gutzwiller & Cie, Banquiers | 9/17/15 | Press Release | NPA and SOF (2.28 MB) |
| 38 | Migros Bank AG (Migros) | 9/25/15 | Press Release | NPA and SOF (503.35 KB) |
| 39 | Graubündner Kantonalbank (Graubündner) | 9/25/15 | Press Release | NPA and SOF (390.52 KB) |
| 40 | BHF-Bank (Schweiz) AG (BHF) | 10/1/15 | Press Release | NPA and SOF (2.44 MB) |
| 41 | Schaffhauser Kantonalbank (SHKB) | 10/8/15 | Press Release | NPA and SOF (897.82 KB) |
| 42 | BBVA Suiza S.A. | 10/16/15 | Press Release | NPA and SOF (2.74 MB) |
Updated October 16, 2015
http://www.justice.gov/tax/swiss-bank-program