'Category 2' Swiss Banks Handed $1.36Bn Final Bill

‘Category 2’ Swiss Banks Handed $1.36Bn Final Bill by Matthew Allen – swissinfo.ch Eighty Swiss banks have shelled out a grand total of $1.36 billion (CHF1.38 billion) to the United States on the conclusion of a non-prosecution treaty to clear up past tax evasion misdemeanors. The programme was wrapped up on Wednesday as HSZH (formerly Hyposwiss) bank paid $49.7 million, thus becoming the final “Category 2” institution to agree a settlement with the US Department of Justice (DoJ). “Through this initiative, we have uncovered those who help facilitate evasion schemes and those who hide funds in secret offshore accounts,” US…