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Thread: Swiss bank UBS to pay $ 780million in US tax fraud probe!
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[quote=ZOEY,360441]As the news reports, "Swiss banking giant UBS has agreed to pay 780 million dollars to the US government and cooperate in a tax fraud probe. In Washington, the US Justice Department said that USB has agreed to provide the US government with the identities and account information of certain Amercian customers of UBS's cross-border business. A US federal judge in Florida earlier accepted UBS's agreement to pay 780 million dollars in fines, penalties, interest and restitution." It isn't over. The US Justice Department sued UBS to the local court in Florida after the UBS agreed to pay the fine and provided the related info. It required UBS to offer 52000 American clients' secret account information. I heard that the Swiss banks were the safest in the world. Now it seems that things have changed. Faced with the pressure from Washington, it has no choice but pay the fines and provides the info that the US wanted. [/quote]
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