Tax-Dodger Hunt Neutralizes Swiss Bank Secrecy, U.S. Says

Updated on
  • Less than 5% of Justice Department fines levied on Swiss banks
  • U.S. case against FIFA targets corruption, ambassador says

U.S. Ambassador to Switzerland Suzi LeVine. Photographer: Peter Mosimann/U.S. Embassy Bern via Bloomberg

Swiss banking secrecy is no longer viable as the U.S. Justice Department closes in on agreements with most of the institutions that may have helped Americans evade taxes, according to the top American diplomat in Switzerland.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.