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Offshore Compliance Initiative

The Offshore Compliance Initiative develops projects, methodologies, and techniques for identifying U.S. taxpayers who are involved in abusive offshore transactions and financial arrangements for tax avoidance purposes.

News, Indictments, Pleas, Sentencings, and Other Developments

December 29, 2016
Justice Department Reaches Final Resolutions Under Swiss Bank Program

October 7, 2016
Michigan Business Owner Pleads Guilty to Concealing Swiss Bank Account

September 28, 2016
New York City Resident Pleads Guilty to Using Sham Foreign Entity and Secret Foreign Accounts in Switzerland and Israel to Evade Taxes

September 21, 2016
Connecticut Man Pleads Guilty to Concealing Income from Undeclared Panamanian Bank Account

September 5, 2016
Principal Deputy Assistant Attorney General Caroline D. Ciraolo Delivers Remarks at the Cambridge International Symposium on Economic Crime

August 17, 2016
Principal Deputy Assistant Attorney General Caroline D. Ciraolo Delivers Remarks Regarding the Tax Division’s Offshore Tax Enforcement Efforts at the Panama Bankers Association Anti-Money-Laundering Conference

August 1, 2016
California Businessman Charged with Conspiring with Israeli Banks to Hide Income

June 22, 2016
After UBS Produces Singapore-Based Documents, Justice Department Dismisses Summons Case

June 22, 2016
Former Swiss Banker Pleads Guilty to Conspiring with U.S. Taxpayers and Other Swiss Bankers to Defraud the United States

June 3, 2016
Former Maryland Resident Pleads Guilty to Conspiracy to Defraud the United States

April 12, 2016
Fugitive Convicted of Federal Tax Crimes Arrested by the U.S. Marshals Service in Arizona After More Than 14 Years on the Run

April 4, 2016
Alaska Plastic Surgeon Sentenced to Prison for Wire Fraud and Tax Evasion

March 9, 2016
Two Cayman Island Financial Institutions Plead Guilty in Manhattan Federal Court to Conspiring to Hide More Than $130 Million in Cayman Bank Accounts

February 4, 2016
Criminal Charges Filed Against Bank Julius Baer of Switzerland with Deferred Prosecution Agreement Requiring Payment of $547 Million, as Well as Guilty Pleas of Two Julius Baer Bankers

February 3, 2016
Former U.S. Citizen Pleads Guilty to Tax Fraud Related to Swiss Financial Account

January 27, 2016
Justice Department Announces Final Swiss Bank Program Category 2 Resolution with HSZH Verwaltungs AG

January 25, 2016
Justice Department Announces Leodan Privatbank AG Reaches Resolution Under Swiss Bank Program

January 6, 2016
Justice Department Announces Resolution Under Swiss Bank Program with Union Bancaire Privée, UBP SA

December 31, 2015
Justice Department Announces Two Banks Reach Resolutions Under Swiss Bank Program

December 23, 2015
Justice Department Announces Four Banks Reach Resolutions Under Swiss Bank Program

December 23, 2015
Justice Department Announces Banque Cantonale Vaudoise Reaches Resolution Under Swiss Bank Program

December 18, 2015
Justice Department Announces Joint Resolution with Two Banks Under Swiss Bank Program

December 17, 2015
Justice Department Announces Three Banks Reach Resolutions Under Swiss Bank Program

December 15, 2015
Justice Department Announces Three Banks Reach Resolutions Under Swiss Bank Program

December 10, 2015
Justice Department Announces Two Banks Reach Resolutions Under Swiss Bank Program

December 8, 2015
Justice Department Announces Aargauische Kantonalbank Reaches Resolution Under Swiss Bank Program

December 3, 2015
Justice Department Announces EFG Bank European Financial Group SA, Geneva, and EFG Bank AG Reach Joint Resolution Under Swiss Bank Program

November 24, 2015
Justice Department Announces Privatbank IHAG Zürich AG Reaches Resolution Under Swiss Bank Program

November 24, 2015
Justice Department Announces Deutsche Bank (Suisse) SA Reaches Resolution under Swiss Bank Program

November 19, 2015
Justice Department Announces Three Banks Reach Resolutions Under Swiss Bank Program

November 17, 2015
Justice Department Announces Maerki Baumann & Co. AG Reaches Resolution Under Swiss Bank Program

November 13, 2015
Justice Department Announces Standard Chartered Bank (Switzerland) SA Reaches Resolution Under Swiss Bank Program

November 12, 2015
Justice Department Announces Two Banks Reach Resolutions Under Swiss Bank Program

November 4, 2015
Alaska Plastic Surgeon Convicted of Wire Fraud and Tax Evasion

November 3, 2015
Justice Department Announces Banque Bonhôte & Cie SA Reaches Resolution Under Swiss Bank Program

October 29, 2015
Justice Department Announces Four Banks Reach Resolutions Under Swiss Bank Program

October 23, 2015
Justice Department Announces Piguet Galland & Cie SA Reaches Resolution under Swiss Bank Program

October 16, 2015
Justice Department Announces BBVA Suiza S.A. Reaches Resolution under Swiss Bank Program

October 8, 2015
Justice Department Announces Schaffhauser Kantonalbank Reaches Resolution Under Swiss Bank Program

October 6, 2015
Swiss Asset Management Firm Finacor SA Reaches Resolution with Justice Department

October 1, 2015
Justice Department Announces BHF-Bank (Schweiz) AG Reaches Resolution under Swiss Bank Program

September 25, 2015
Justice Department Announces Two Banks Reach Resolutions Under Swiss Bank Program

September 17, 2015
Justice Department Announces Two Banks Reach Resolutions Under Swiss Bank Program

September 16, 2015
Court Authorizes IRS to Issue Summonses to Discover U.S. Taxpayers with Offshore Bank Accounts at Belize Bank International Limited and Belize Bank Limited

September 15, 2015
Bank La Roche & Co AG Reaches Resolution Under Justice Department's Swiss Bank Program

September 10, 2015
Valiant Bank AG Reaches Resolution Under Justice Department's Swiss Bank Program

September 3, 2015
Schroder & Co. Bank AG Reaches Resolution Under Justice Department's Swiss Bank Program and Agrees to Pay $10.3 Million Penalty

August 27, 2015
Hypothekarbank Lenzburg AG Reaches Resolution Under Justice Department's Swiss Bank Program

August 20, 2015
Two Swiss Banks Reach Resolutions Under Justice Department's Swiss Bank Program

August 10, 2015
Tax Return Preparers Sentenced to Prison for Hiding Offshore Account and Assisting Wealthy Clients to Hide Millions in Secret Accounts at Israeli Banks

August 6, 2015
Three Swiss Banks Reach Resolutions Under Justice Department's Swiss Bank Program

August 3, 2015
Bank EKI Genossenschaft Reaches Resolution Under Justice Department's Swiss Bank Program

July 30, 2015
Three Swiss Banks Reach Resolutions Under Justice Department's Swiss Bank Program

July 23, 2015
Justice Department Announces Swiss Bank Program Resolutions with Two More Banks

July 16, 2015
Justice Department Announces Three Banks Reach Resolutions Under Swiss Bank Program

July 9, 2015
Justice Department Announces Two Banks Reach Resolutions Under Swiss Bank Program

July 2, 2015
Swiss Bank Reaches Resolution Under Justice Department's Swiss Bank Program

June 26, 2015
Swiss Bank Reaches Resolution Under Justice Department's Swiss Bank Program

June 19, 2015
Two More Banks Reach Resolutions Under Justice Department's Swiss Bank Program

June 9, 2015
Two More Banks Reach Resolutions Under Justice Department's Swiss Bank Program

June 3, 2015
Two More Banks Reach Resolutions Under Justice Department's Swiss Bank Program

May 28, 2015
Four Banks Reach Resolutions Under Department of Justice Swiss Bank Program

May 15, 2015
Finter Bank Zurich AG Reaches Resolution Under Department of Justice Swiss Bank Program

May 8, 2015
Vadian Bank AG Reaches Resolution Under Department of Justice Swiss Bank Program

March 31, 2015
Swiss Asset Manager Pleads Guilty in Federal Court to Conspiring with U.S. Taxpayers to Evade Federal Income Taxes and File False Tax Returns

March 30, 2015
Acting Assistant Attorney General Caroline D. Ciraolo Delivers Remarks at Pen and Pad Announcing First Resolution in Swiss Bank Program

March 30, 2015
Acting Associate Attorney General Stuart F. Delery Delivers Remarks at Pen and Pad Announcing First Resolution in Swiss Bank Program

March 30, 2015
BSI SA of Lugano, Switzerland, is First Bank to Reach Resolution Under Justice Department’s Swiss Bank Program

February 18, 2015
New York Man Residing in the Hamptons Pleads Guilty to Obstructing Internal Revenue Service for Concealing Swiss Bank Accounts

February 2, 2015
California Doctor Pleads Guilty to Failing to Report Foreign Account at Bank Leumi in Luxembourg

December 22, 2014
Tax Return Preparers Convicted of Assisting Wealthy Clients Hide Millions in Secret Offshore Accounts at Israeli Banks

December 22, 2014
Bank Leumi Admits to Assisting U.S. Taxpayers in Hiding Assets in Offshore Bank Accounts

November 21, 2014
Credit Suisse Sentenced for Conspiracy to Help U.S. Taxpayers Hide Offshore Accounts from Internal Revenue Service

November 18, 2014
Manhattan U.S. Attorney Announces Charges Against Kentucky Resident for Maintaining Secret Swiss Bank Accounts

October 20, 2014
New Hampshire Man Pleads Guilty to Filing False Tax Return

October 3, 2014
Caribbean-Based Investment Advisor and Attorney Sentenced for Using Offshore Accounts to Launder and Conceal Funds

September 5, 2014
Caribbean-Based Investment Advisor Sentenced for Using Offshore Accounts to Launder and Conceal Funds

July 11, 2014
Caribbean-Based Investment Advisors and Attorney Plead Guilty to Using Offshore Accounts to Launder and Conceal Funds

June 5, 2014
Comments About the Program for Non-Prosecution Agreements or Non-Target Letters for Swiss Banks

May 28, 2014
Connecticut Man Who Used Offshore Accounts Sentenced to Prison for Tax Evasion and Conspiracy

May 23, 2014
Alaska Plastic Surgeon Indicted on Tax Evasion Charges for Concealing Bank Accounts in Panama and Costa Rica

May 19, 2014
Remarks as Prepared for Delivery by Assistant Attorney General for the Tax Division Kathryn Keneally Announcing Guilty Plea in Credit Suisse Offshore Tax Evasion Case

May 19, 2014
Remarks as Prepared for Delivery by Deputy Attorney General James M. Cole Announcing Guilty Plea in Credit Suisse Offshore Tax Evasion Case

May 19, 2014
Remarks as Prepared for Delivery by Attorney General Eric Holder Announcing Guilty Plea in Credit Suisse Offshore Tax Evasion Case

May 19, 2014
Credit Suisse Pleads Guilty to Conspiracy to Aid and Assist U.S. Taxpayers in Filing False Returns

May 9, 2014
Florida Doctor Sentenced for Federal Tax Crimes

April 30, 2014
California Banker Charged with Helping U.S. Taxpayers Conceal Secret Israeli Bank Accounts

April 30, 2014
Swiss Offshore Tax Evasion Enabler Pleads Guilty

March 24, 2014
U.S. and Canadian Citizens Charged with Using Offshore Accounts and Foreign Nominee Entities to Launder $200,000

March 21, 2014
Former President of Russian Steel Producer's U.S. Subsidiary Indicted for Hiding Assets in Secret Swiss Bank Accounts

March 18, 2014
California Attorney Sentenced to Prison in Scheme to Hide Millions in Secret Swiss Accounts at UBS AG and PICTET & CIE

March 12, 2014
Swiss Banker Pleads Guilty to Conspiring with U.S. Tax Evaders, Other Swiss Bankers and Bank Management

February 27, 2014
Portola Valley, Calif., Man Sentenced to Prison for Failure to Report Foreign Bank Accounts Held at UBS

January 13, 2014
Court Rejects Banking Associations' Challenge to Regulations Addressing Offshore Tax Avoidance

December 12, 2013
First Deadline Approaches for Participation in the Program for Non-Prosecution Agreements or Non-Target Letters for Swiss Banks

November 12, 2013
Court Authorizes IRS to Issue Summonses for Records Relating to U.S. Taxpayers with Offshore Bank Accounts

November 5, 2013
Comments on Program for Non-Prosecution Agreements or Non-Target Letters for Swiss Banks

November 4, 2013
Los Angeles Businessman Pleads Guilty to Conspiring to Defraud the United States by Concealing Israeli Bank Accounts

October 18, 2013
Additional Charges Brought Against Tax Preparers Previously Charged with Helping Clients Hide Millions in Offshore Israeli Banks

August 29, 2013
California Businessman Pleads Guilty to Conspiracy to Conceal Israeli Bank Accounts

August 29, 2013
United States and Switzerland Issue Joint Statement Regarding Tax Evasion Investigations

July 17, 2013
California Businessman Pleads Guilty to Concealing Foreign Bank Account at Israeli Bank on His Tax Return

July 1, 2013
Maryland Businessman Pleads Guilty to Concealing Foreign Bank Account at Israel-Based Bank on His Tax Return

June 28, 2013
Former Swiss Banker Pleads Guilty to Failure to Report Foreign Bank Account

June 13, 2013
Wyoming Couple Indicted for Tax Evasion

April 30, 2013
Court Authorizes Service of John Doe Summons Seeking the Identities of U.S. Taxpayers with Offshore Accounts at CIBC FirstCaribbean International Bank

April 12, 2013
California Businesswoman Agrees to Plead Guilty to Conspiracy to Conceal Israeli Bank Accounts

April 12, 2013
Arizona Businessmen and California Attorney Convicted for Hiding Millions in Secret Foreign Bank Accounts at UBS AG and Pictet & CIE

March 4, 2013
Swiss Bank Sentenced in Manhattan Federal Court for Conspiring to Evade Taxes

February 26, 2013
Middlesex County, N.J. Man Admits Tax Evasion and Concealing $1.2M in Income in Undeclared Indian Bank Accounts

January 30, 2013
California Man Pleads Guilty to Failure to Report Foreign Bank Accounts at UBS

January 8, 2013
South Florida Woman Pleads Guilty to Failing to Disclose Income from Swiss Bank Accounts and Agrees to $21 Million Penalty

January 7, 2013
Somerset County, N.J., Man Pleads Guilty to Concealing Income from Undeclared Swiss and Indian Bank Accounts

January 3, 2013
Swiss Bank Pleads Guilty in New York City Federal Court to Conspiracy to Evade Taxes

December 7, 2011
Client of UBS and Swiss Cantonal Bank Indicted for Conspiracy to Defraud the IRS

November 17, 2011
HSBC India Client Indicted for Tax Evasion and Failing to Report Foreign Bank Accounts

August 3, 2011
UBS Client Pleads Guilty to Filing False Tax Return

August 2, 2011
Former UBS Banker Charged with Helping U.S. Taxpayers Use Secret Swiss Bank Accounts to Evade U.S. Taxes

July 21, 2011
Swiss International Bank's Former Head of North America Offshore Banking, Others Charged with Conspiracy

July 21, 2011
Swiss Financial Advisor Indicted for Conspiring with More Than 60 U.S. Taxpayers to Hide More Than $184 Million in Swiss Bank Accounts

June 28, 2011
HSBC India Client Indicted for Filing False Tax Returns and Failing to Report Foreign Bank Account

June 20, 2011
California UBS Clients Plead Guilty to Hiding Assets in Secret Swiss Bank Account

May 24, 2011
New Jersey UBS Client Sentenced for Failing to Report More Than $1 Million in Swiss Bank Account

May 23, 2011
New Jersey UBS Client Sentenced for Failing to Report More Than $750,000 in Swiss Bank Account

May 19, 2011
Bank Director Charged with Hiding Foreign Assets

April 11, 2011
New Jersey Businessman Pleads Guilty to Conspiring to Conceal Offshore Bank Accounts from the IRS

April 7, 2011
Justice Department Asks Court to Allow IRS to Seek HSBC India Bank Account Records

March 14, 2011
UBS Client Sentenced in San Diego for Hiding Assets in Secret Bahamian and Swiss Bank Accounts

March 8, 2011
Former Ohio Man Pleads Guilty to Failing to Report His Foreign Bank Account at UBS in Switzerland

March 4, 2011
Former UBS Client Sentenced for Hiding Millions in Offshore Bank Accounts

February 23, 2011
Four Swiss Bankers Charged with Helping U.S. Taxpayers Use Secret Accounts at Swiss Banks to Evade U.S. Taxes

February 4, 2011
Miami Beach Hotel Developers Sentenced for Tax Fraud

November 17, 2009
Justice Department & IRS Announce Results of UBS Settlement & Unprecedented Response in Voluntary Tax Disclosure Program

October 5, 2009
Seattle Area UBS Client Pleads Guilty to Filing a False Tax Return

September 25, 2009
UBS Client Pleads Guilty to Failing to Report $6.1 Million in Swiss Bank Accounts

August 21, 2009
Former UBS Banker Sentenced to 40 Months for Aiding Billionaire American Evade Taxes

August 20, 2009
Swiss Banking Executive and Swiss Lawyer Charged with Conspiring to Defraud the United States

August 19, 2009
U.S. Discloses Terms of Agreement with Swiss Government Regarding UBS

July 28, 2009
UBS Client Pleads Guilty to Filing False Tax Return, Hid $8 Million in Secret Swiss Bank Accounts

June 25, 2009
UBS Client Pleads Guilty to Filing False Tax Return

April 15, 2009
Department of Justice Asks Court to Serve Summons for Offshore Records

April 14, 2009
UBS Client Pleads Guilty to Filing False Tax Return Hid Assets Worth $3 Million in Secret Swiss Bank Account

April 2, 2009
UBS Client Charged with Filing False Tax Return

March 4, 2009
Statement of John DiCicco, Acting Assistant Attorney General for the Tax Division, before the Permanent Subcommittee on Investigations, Committee on Homeland Security and Government Affairs of the U.S. Senate at the hearing entitled "Tax Haven Banks and U.S. Tax Compliance - Obtaining the Names of U.S. Clients with Swiss Accounts"

February 19, 2009
United States Asks Court to Enforce Summons for UBS Swiss Bank Account Records

February 18, 2009
UBS Enters into Deferred Prosecution Agreement

Updated August 2, 2023