CREDIT SUISSE to pay $ 511 million to help the north -Americans rich to hide more than $ 4 million

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Credit Suisse agreed to pay $ 511 million and to blame for helping North -American taxpayers to hide more than $ 4 million from authorities under an agreement with the United States Department of Justice, admitting that it raped an agreement that took place a decade ago for similar reasons.

Ubswho acquired his opponent as part of an emergency rescue in 2023, said on Monday that Credit Suisse Services would pay two fines for just over half a million dollars.

Includes $ 372 million to help prepare false income tax declarations and almost $ 139 million as part of a United States taxpayer non -prosecution agreement reserved for their Singapore Hereta Reserve Center.

“UBS was not involved in underlying behavior and has a zero tolerance for tax evasion,” said the bank, who entered his own $ 780 million solution with North -America prosecutors in 2009 for similar behaviors, in a statement. As a successor company of Credit SuisseThe UBS executives on Monday signed a suplication agreement with the prosecutors filed in Virginia Federal Court and appeared before the court on behalf of the company to submit to the guilty appeal.

The supplication agreement ends with an investigation for a few years of the DOJ, which said that Credit Suisse helped Americans to hide assets and income from the internal income service in at least 475 out-of-sea accounts. The misconduct violated a 2014 supplication agreement reached by the lender with the North -American authorities, he added.

“Among other fraudulent acts, the bankers of Credit Suisse Falaeified, the fictional donation procedures processed and made known more than $ 1 billion in accounts without documentation of tax compliance,” the DOJ said in a statement.

Credit Suisse in 2014 agreed to pay $ 2.6 million, and the highest payment in a DOJ criminal tax case, to help us submit a false return.

The bank on Monday also signed an agreement to prevent persecution in relation to the accounts it had in Singapore on behalf of North -Americans who used them to evade taxes. The total assets of the accounts, which remained between 2014 and 2023, amounted to more than $ 2 million, said the DOJ.

UBS discovered what seemed to be that North -Americans did not testify in Singapore after merging with Credit Suisse, and then spread information about them with the DOJ, according to federal prosecutors.

By virtue of the offers, which do not protect people, the services of Swiss of Credit and UBS must cooperate with the ongoing probes of the DOJ.

The liquidation occurs after the US Senate Committee in 2023 found that Credit Suisse had been an accomplice to help the Ultra-RICH Americans to avoid taxes and had not reported almost $ 100 million instead of sea secret accounts belonging to a single family of American taxpayers.

The investigation was unleashed after the former Credit Suisse employees, who originally reported the bank’s illegal activities, said that tax evasion continued “after the replacement agreement and the sentence.”