Standard Chartered Bank (Switzerland), now in liquidation, is to pay $6.337 million; Banque Internationale à Luxembourg (Suisse), $9.71 million; Zuger Kantonalbank, $3.798 million; and Banque Bonhôte will pay $624,000.
The four banks, which between them had offices in Geneva, Neuchâtel, Zug and Zurich, were found guilty of “opening, maintaining, servicing and profiting” from accounts that were held or beneficially owned by US ta...
Continue reading this article...
Start a free trial now for access to breaking news and cutting edge analysis of the wealth management industry.
You are currently not logged in,
login to view the full article
start by clicking this button.
Need a subscription,
fill out the form here or
contact subs@thewealthnet.com