23.12.2016

Raiffeisen: no fine after agreement with US Justice

400Swiss cooperative banking group Raiffeisen entered a U.S. tax settlement program in the third category, or as a bank with no criminal dealings. The Swiss bank left the programm and it didn't pay any fine, it said on Friday.

Raiffeisen, Switzerland's third-biggest bank, three years ago decided to qualify itself as one of the Swiss financial institutions that had not committed any offenses under U.S. tax law. An accord with the U.S. Department of Justice this week "creates legal certainty and ends the tax conflict without payment of a penalty", it said in a statement.

The agreement was reached more than two years after the bank first entered the program.


Events


Semptember 2015
  • 23
    Mar

    GFAI is a unique event presenting alternative asset management in Geneva.

  • 24
    Mar

    On March 24th/25th, 2017, START Global organizes its yearly flagship event: the START Summit gatheri

  • 28
    Mar

    Zielgruppe: Rechtsanwälte, Treuhänder, Richter, Staatsanwälte, Mitarbeiter von Banken, Versicheru

  • 28
    Mar

    CM-Equity Investment is very pleased to announce that they are able to win over the Head of Salahadd

  • 29
    Mar

    Private Client Tax Planning Strategies, Russia Tax Administration Anti Evasion Policy , Oecd And Eu

See All

newsletter

Updates and news from MarketPlus

Market Overview
SMI PR8628.640,70 %
LYXOR DAX INAV115.2521,12 %
FTSE MIB Index20167.491,06 %
FTSE 1007340.710,22 %
CAC 405032.760,76 %
S&P 5002352.940,19 %
NASDAQ Composite5829.760,14 %
HANG SENG INDEX24327.700,03 %
Powered by Yahoo Finance