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About 100 Swiss banks signed up to work with
U.S. authorities at the end of last year in a program brokered
by the Swiss government. That followed criminal investigations
of roughly a dozen Swiss banks in the United States.
Under the program, so-called "category two" banks -- those that
have reason to believe they may have committed tax offences --
will escape prosecution if they detail their wrongdoing with
U.S. clients and pay fines.
U.S. investigators requested that around 40 of the 90 banks
still in the program provide further clarification and
information, Swiss newspaper Handelszeitung reported without
citing sources.
The other 50 or so banks have been deemed unproblematic by the
DOJ, the paper said, but will now likely have to wait until
spring of next year to settle their cases along with those
providing additional information.
Additional requests were made in October to banks with a large
number of U.S. clients with untaxed assets or who displayed
suspicious services to clients, Handelszeitung reported.
A spokesman for Switzerland's State Secretariat for
International Financial Matters declined to comment on the
report.
(Reporting by Joshua Franklin and Oliver Hirt; Editing by Mark
Potter)
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