(Bloomberg) Credit Suisse AG, which pleaded guilty Monday to helping Americans evade taxes, has so far avoided identifying thousands of customers who cheated the Internal Revenue Service. Instead, it promised to point investigators in the right direction.
While the unit of Credit Suisse Group AG became the largest bank to plead guilty in 20 years, agreeing to $2.6 billion in penalties, its deal with the Justice Department put off the day of reckoning for the firm’s clients. They’re protected by Swiss bank-secrecy laws that make it a crime to disclose account data.
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