Ex-Credit Suisse Bankers Say It Still Aids Hidden Accounts
- Some South American accounts don’t note dual U.S. citizenship
- Bank says it continues to fully cooperate with authorities
The Credit Suisse Group AG headquarters in Zurich.
Photographer: Thi My Lien Nguyen/BloombergThis article is for subscribers only.
Former Credit Suisse Group AG bankers have told criminal investigators that the bank is still helping U.S. clients hide accounts from the Internal Revenue Service, even after the firm paid $2.6 billion in penalties in 2014 and promised to stop the practice.
Those bankers “have come forward with credible information that Credit Suisse continued to assist additional Americans with concealing assets from the United States after 2014,” according to a Nov. 18 filing in a civil lawsuit. “In some instances, the concealment is ongoing today.”