WASHINGTON May 9 Swiss asset management firm,
Swisspartners Group, agreed to pay $4.4 million to the United
States to settle a probe over whether it helped U.S. taxpayers
evade their federal income taxes, the U.S. Department of Justice
announced on Friday.
From about 2001 to about 2011, according to a Justice
Department statement, Swisspartners helped its U.S. clients open
and maintain undeclared foreign bank accounts, which allowed
them to avoid paying taxes in full.
The U.S. Attorney for the Southern District of New York,
Preet Bharara, whose office negotiated the settlement, said
Swisspartners avoided criminal charges "as a direct result of
its decision to self-report misconduct."
(Reporting By Julia Edwards; Editing by Sandra Maler)