Two more Swiss banks will pay penalties to the United States as part of settlements that mean they will not face criminal charges for helping Americans avoid taxes, U.S. authorities said on Thursday.
SB Saanen Bank AG will pay nearly $1.4 million and Privatbank Bellerive AG will pay $57, 000, the U.S. Justice Department said.
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A total of 22 Swiss banks have reached deals with the department under a voluntary program set up in 2013 for 100 eligible Swiss banks to report suspected tax evasion in U.S.-related accounts. The United States aims to reach accords with all of them by the end of 2015.
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REUTERS
