Berner Kantonalbank AG Providing Information About Accountholders
Offshore Account UpdatePosted in on September 25, 2015
Berner Kantonalbank AG is one of many banks to become part of the Swiss Bank Program. The Swiss Bank Program was created by the Department of Justice to let banks avoid prosecution under U.S. tax laws and U.S. monetary laws. If the banks come forward, report their activities in connection with facilitating tax evasion and turn over information on U.S. accountholders, they can avoid having authorities press criminal charges. The problem for accountholders is that when these banks come forward, this can lead to individuals being prosecuted for tax crimes.
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