|
Kathryn Keneally, who led the tax division at
the U.S. Department of Justice, will join the firm's New York
office next month.
Keneally left the department in May, days after announcing the
Credit Suisse agreement.
The Credit Suisse case was part of a major U.S. crackdown on
Swiss banks suspected of helping wealthy Americans evade taxes.
In addition to conducting investigations into Credit Suisse and
a dozen other banks, the Justice Department created a program
under which some Swiss banks could turn over information about
offshore accounts and pay a penalty but avoid prosecution.
In an interview, Keneally said she expected the Justice
Department to use more of the information it received through
the program to pursue enforcement actions against banks in other
parts of the world, which took the offshore accounts once they
left Switzerland.
Prosecutors have brought cases involving secret accounts in
India, Israel, and elsewhere.
"The Swiss bank program was designed to get information from the
banks about where else in the world the money went," Keneally
said.
"I think what you will see next is the department using the
information they are getting from Swiss banks for a greater
global expansion of enforcement," she said.
Keneally said the increasingly global nature of tax enforcement
led her to join DLA Piper, which has 52 offices outside the
United States, according to its website. The firm has an
additional 30 offices within the United States, according to the
website.
(Reporting by Aruna Viswanatha; Editing by Tom Brown and Cynthia
Osterman)
[© 2014 Thomson Reuters. All rights
reserved.] Copyright 2014 Reuters. All rights reserved. This material may not be published,
broadcast, rewritten or redistributed.
 |
|
