The Daily Hodl
2023-12-09 20:07:27

Banking Giant Pays $122,900,000 Fine for Helping Americans Hide $5,600,000,000 in Secret Accounts

A private bank in Switzerland has agreed to pay a $122.9 million fine for helping wealthy US citizens hide a staggering $5.6 billion in assets. According to the Justice Department, Banque Pictet & Cie allowed Americans to secretly hold billions of dollars in 1,637 bank accounts from 2008 to 2014. Officials at the Justice Department The post Banking Giant Pays $122,900,000 Fine for Helping Americans Hide $5,600,000,000 in Secret Accounts appeared first on The Daily Hodl .

Get Crypto Newsletter
Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.