The toll for misconduct in the fallen Swiss bank credit Suisse is getting bigger.
Federal Public Prosecutors said on Monday that UBS, Suisse credit saves From the edge of the collapse two years ago, $ 510 million fines would pay for the role that Krediet Suisse played in helping customers to avoid taxes.
Credit Suisse helped customers, among other things, to hide more than $ 4 billion for the Internal Revenue Service in at least 475 accounts, according to prosecutors. The Singapore office of Credit Suisse was selected for keeping non -declared accounts for people who were owed taxes.
The bank argued guilty in the words of public prosecutors, so that ‘American customers can avoid their American tax obligations in various ways, including by not opening and maintaining offshore accounts for American taxpayers at Credit Suisse AG, and a variety of offshore private banking services of their taxes and instruments of the entrepreneurship of the American taxes and instrumentation of the entrepreneurship of the entrepreneurial taxes’ Taxes ‘and returns from the entrepreneurs’ taxes ‘.’
Public Prosecutors said that Bankers of Credit Suisse had a falsified data, had made false donations and matters made with more than $ 1 billion in accounts without making efforts to comply with the tax.
UBS reported some suspicious transactions to the authorities after it was merged with Crediet Suisse in 2023. UBS expected the fine and had put some money aside to pay for it, the bank said in a statement.
The Ministry of Justice said that his investigation had been stretched for a few years. Public prosecutors may not yet be done because Monday’s announcement included an obligation from the bank to work together in non -specifically active investigations.
“UBS was not involved in the underlying behavior and has a zero tolerance for tax evasion,” said the bank in her non -signing statement, which described the case as “another old issues of Credit Suisse.”
Two years ago, Credit Suisse broke down within a few weeks of a series of scandals, lawsuits and management changes. It lost $ 5.5 billion In the settlement of a one -off star investment fund, Archegos Capital Management.
UBS paid Almost $ 400 million to cover regulatory fines with regard to that unrest.
UBS, under pressure from the Swiss authorities, saved Credit Suisse for $ 3.2 billion in 2023.
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