Legal
Buffet of tax-evading secrecy revealed by US settlement with Swiss bank Rahn+Bodmer
The US signed a deferred prosecution agreement last month with Zurich’s oldest private bank, Rahn+Bodmer, after the Swiss bank admitted to helping US account holders evade US tax obligations by hiding hundreds of millions of dollars in offshore bank accounts at Rahn+Bodmer (R+B). The settlement exposes a buffet of secrecy…
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