Friday, December 20, 2013

Status Report on Swiss Banks Joining US DOJ / Swiss Bank Program (12/20/13)

Reuters has this status report on Swiss banks joining the program.  Katharina Bart, Factbox: Swiss banks and the U.S. tax crackdown (Reuters 12/20/13), here.

This is a good report.  My list (which I have not compared to the Reuters report) is as follows:

Aargauische Kantonalbank
Bank am Bellevue
Bank Coop
Banque Cantonale Vaudois
Banque Cantonale de Genève
Banque cantonale du Jura
Banque Privee Edmond de Rothschild
Basellandschaftliche Kantonalbank
Berner Kantonalbank
Graubündner Kantonalbank
Hyposwiss Privatbank Zurich AG
Hyposwiss Private Bank Geneve SA
Hypothekarbank Lenzburg
Linth Bank
Luzerner Kantonalbank
Migros Bank
Nidwaldner Kantonalbank
Piquet Galland & Cie SA
Post Finance
St. Galler Kantonalbank
Valiant Holding
Vontobel Holding AG
Walliser Kantonalbank
Zuger Kantonalbank

Most of these are Category 2.  One or 2 may be Category 3.

I am updating my spreadsheet to include this and related data.  I will try to post by Monday.

8 comments:

  1. So, will these banks be moved to category 3, as promised, once that America realizes that its treasured national origin discrimination crimes are illegally harming innocent Americans living abroad?


    Earlier, you argued that innocent banks must be punished and thus it seems unlikely that the US will not harm the innocent more.

    ReplyDelete
  2. The Schiffs are right. There are many reasons.

    1. Treasury order 150-06 cancelled the designation, "Internal Revenue Service" in 2005. The order itself refers the tax blob as an 'entity'. Where are the 'entity' delegation orders?

    http://www.treasury.gov/about/role-of-treasury/orders-directives/Pages/to150-06.aspx

    2. The treasury order which gave rise to the current organization and function to the 'entity' a.k.a. IRS in 2001 has itself been cancelled in 2006 so all those new 'areas' i.e. SB/SE, etc. shouldn't even be there as TD 21-01 now controlling.

    http://www.treasury.gov/about/role-of-treasury/orders-directives/Pages/to150-02.aspx



    3. Every 1040 form, every NOTFL, every letter, etc. with 'Department of the Treasury' and 'Internal Revenue Service' on it since 2005 is fraudulent and a violation of 26 USC 7207 and 31 USC 333 and 1040 signed under penalty of perjury. Fraud and Justice can never dwell together.


    4. P.L. 105-206, as mandated by congress, demanded that a district director's personal authorization was required for certain liens/levies at section 3445 and codified at 26 USC 6334. But of course, the entity with no name, organization or function eliminated this position in 2001 and illegally replaced the position with 'area' directors via a fraudulent entry in the Fed Register only to cancel the T.O. in which they created the fraudulent positions in the first place.


    This is just the tip of the ice berg.


    Bob Conlon

    ReplyDelete
  3. Not sure I would put the "good" characterization on this yet. As we only too well come to understand, it is only in the fullness of time, we see the harmful effects of our offshore jihad zeal.

    I am sure these Americans living in New Zealand would not call this 'good'.

    “When the bank realized I was American, they started treating me like I had the plague,”

    Read more: Swiss Banks React to FACTA, Tell Americans to Close Accounts | TIME.com http://world.time.com/2013/12/20/swiss-banks-tell-american-expats-to-empty-their-accounts/#ixzz2o8R0lq2v

    ReplyDelete
  4. As expected, it looks like the US will seek to grab even more money:

    http://www.nzz.ch/wirtschaft/unternehmen/bussen-im-us-steuerstreit-koennten-massiv-steigen-1.18209506

    ReplyDelete
  5. Though accounting rules may require it, I don't think that making public the amount of provision for settlement is a good idea. The bank is basically saying it's willing to settle for $100m, and the US may see this as a floor from which to negotiate upward.

    ReplyDelete
  6. Swiss Bank
    Accounts. 2014.

    Is your monies safe
    in these accounts ---- definitely NOT.

    Would you get your
    money back if every body decided to withdraw all their accounts –
    NO WAY.

    Economic Experts
    say that there would only enough money to repay 50% of their clients.

    Are you going to be
    in the 50% --- that loose your money.-- Get it out NOW.

    2012 -- - June.
    -- Published in Anglo INFO .Geneva.--- USA Trust Fund Investors were
    sent false and fraudulent documents by Pictet Bank.Switzerland. in
    order to collect large fees. ( Like MADOFF) ---Even after the SEC in
    the USA uncovered the fraud Pictet continued to charge fees and drain
    whatever was left in these accounts. Estimated that $90,000,000
    million lost in this Pictet Ponzi scheme.

    2012 - - - July.
    -- De – Spiegel. -- states – Pictet Bank uses a letterbox
    company in

    Panama
    and a tax loophole involving investments in London to gain

    German
    millionaires as clients.



    2012
    - - - August ---- German Opposition Leader accuses Swiss Banks of
    "organised crime."

    All
    the fines that crooked Swiss banks have incurred in the last few
    years exceeds £15.Billion.

    It
    is also calculated that the secrecy " agreements" with
    regards to tax evation by their clients will cost the banks another
    £45 Billion.

    The
    banks are panicking --- the are quickly restructuring their banks
    ---- from partnerships --

    to
    " LIMITED COMPANIES." ----- this will probably mean that
    in the future --- they could

    pay
    you only 10% of your monies " if you are one of the lucky ones"
    ---- and it be legal.

    ReplyDelete
  7. Sods -----
    Law.

    January.----
    2014.

    For almost two
    decades we have strived to get justice for the injustice we have
    suffered at the hands of a world renowned bank--- PICTET & CIE.
    BANK.

    Two yorkshiremen
    both running their own small family businesses trying to resolve the
    problem by taking all the correct legal procedures to recover their
    monies.

    The matter was
    raised in Parliament – twice-- the FSA investigated the matter
    concluding that PICTET had rogues operating in their London Bank ---
    but the rogues had left ---saying no one left to prosecute.??? -----
    so there.

    We then
    approached the Financial Ombudsman Service. (FOS) --- our case was
    dealt with by seven different people ---- then our numerous E-Mails
    were ignored --- nobody would speak to us -------so there.

    We then asked the
    SFO ( Serious Fraud Office.) to investigate our case ---- the
    criteria of our case ticked all their boxes. --- we were instructed
    not to send them any documents/evidence.------ in fact they wrote to
    us advising us to go to the Citizen's Advice Bureau.(CAB.)

    Richard Alderman
    the SFO boss ---- who responded to our letter was the same man who
    would not investigate the “ Madoff” scandal or the “Libor”
    fiasco.

    The MP's
    committee ---- said he was sloppy--- and the SFO was run like “
    Fred Karno's Circus” ------- so there.

    Our M.P.
    approached our local Chief Constable to investigate----- he was
    called---- Sir Norman Bettison--- Chief Constable of West Yorkshire
    Police ---- a force that made “ Dad's Army” look like the S.A.S.
    They were inept – corrupt ---malicious --- from top to bottom. We
    were criminally dealt with by the Forces Solicitor---- the Head of
    the Economic Crime Unit ----and the Chief Constable ----- so there.

    We were then
    advised to pass our complaint against West Yorkshire Police to the
    I.P.C.C. – which we did --- they advised us to make our complaint
    to ---- the West Yorkshire Police --- we did with reluctance --- all
    we got was abuse and obfuscation. ----- so there.

    Sir Norman
    Bettison ---- The Forces solicitor--- and the Head of the Economic
    Crime ---- have all been removed from their posts and facing criminal
    allegations.

    ------ so there.

    We even sought
    justice through the Courts --- culminating in a visit to the Court of
    Appeal-London.--- On leaving the Courts of Appeal that day our
    barrister a “rising star” informed us --- that if that was
    Justice then you can keep it. He quit the law and moved to Canada
    ----- so there.

    A few years later
    we learned that one of the judges in our case at the Court of Appeal
    was related to a senior executive of the Pictet Bank -----so there.

    Pictet & Cie
    .Bank --- voted private bank of the year 2013.

    Ivan Pictet ----
    Voted banker of the year 2012. ---- the senior partner --- lied on
    numerous occasions and had documents destroyed --- also said genuine
    documents were forgeries. ----- so there.

    Ivan Pictet in
    Oct. 2013 ---- Given the Legion of Honour --- but saying that ----
    honours were given to Hitler --- Eichmann --- Mussolini ---Franco
    --- he's in fitting company. ----so there.

    MONTY
    RAPHAEL.Q.C. -- Peters & Peters.London. They were the banks
    lawyers.

    Monty
    Raphael.Q.C. along with Ivan Pictet withheld crucial documents
    requested by the High Court ---- the FSA ---- and the police Fraud
    Squad. ----so there.

    Monty
    Raphael.Q.C. became an Honorary Queens Counsellor in March. 2012.

    Monty
    Raphael.Q.C. became a Master of the Bench in Nov.2012.

    An expert in
    Fraud ---the Doyen of Fraud Lawyers. ----- so there.

    This says a lot
    about Banks --- the consensus of opinion is that they are highly paid
    “crooks” ---- no wonder they voted Ivan Pictet banker of the
    year.

    Full Story.----
    “google ”

    Insert.

    Ivan
    Pictet.Banker.

    Monty
    Raphael.Q.C.

    Ivan Pictet/Monty
    Raphael.

    ReplyDelete
  8. Thanks for very interesting post

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    ReplyDelete

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