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Tuesday, August 25, 2015

Category 2 Banks under DOJ Swiss Bank NPA Program (8/25/15)

In a recent TNT article on 8/21/15, the author said The Justice Department has executed 31 non-prosecution agreements (NPAs) for Category 2 Swiss banks under its Swiss bank program so far, with its latest batch announced.  Nathan J. Richman, Swiss Bank Non-Prosecution Agreement Total Passes 30, 2015 TNT 162-1 (8/21/15) [no link available].  A reader emailed me to request whether I had the list.  I responded that I have my list which has 31 banks.  Since my list is based on the public announcements by DOJ Tax, I presumed that my list is the same as DOJ's unless I have made an error.

In any event, here is my list:

ARVEST Privatbank AG
Banca Credinvest SA
Banca dello Stato del Cantone Ticino (Banca Stato)
Banca Intermobiliare di Investimenti e Gestioni (Suisse) SA
bank zweiplus ag (Bank Zweiplus)
Bank BSI SA
Bank EKI Genossenschaft (Bank EKI)
Bank Linth LLB AG
Bank Sparhafen Zurich AG (BSZ)
Banque cantonale du Jura SA
Banque Cantonale Neuchâteloise (BCN)
Banque Pasche SA
Berner Kantonalbank AG (BEKB)
Credito Privato Commerciale in liquidazione SA (CPC)
Ersparniskasse Schaffhausen AG (EKS)
Falcon Private Bank AG
Finter Bank Zurich AG
LBBW (Schweiz) AG
MediBank AG
Mercantil Bank (Schweiz) AG
Nidwaldner Kantonalbank (NKB)
PKB Privatbank AG
Privatbank Bellerive AG
Privatbank Reichmuth & Co.
Privatbank Von Graffenried AG
Rothschild Bank AG, Zurich
SB Saanen Bank AG
Scobag Privatbank AG
Société Générale Private Banking (Lugano-Svizzera)
Société Générale Private Banking (Suisse) SA (SGPB-Suisse)
Vadian Bank

If anyone thinks this list needs correcting as of now, please let me know.

Keep in mind that these banks will be included in the IRS list here (which also includes banks where other publicly identified initiatives (such as DPAs and JDSs) were involved.  The point is to encourage persons with previoiusly undisclosed offshore accounts to come out to the IRS.

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