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Banks under pressure (pixabay/geralt)
Compliance

A Swiss banker (S.B.) accused in connection with the US tax dispute wants to defy US judges

20 February 2017
Read time: 1 min
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A Swiss banker (S.B.) accused in connection with the US tax dispute wants to defy US judges: former head of private banking of Bank Frey, which was liquidated. He wants his case to be argued in a US court and the judge in charge determined 18 September as the beginning of the trial. The US authorities have accused of having assisted US clients in tax evasion. S.B. pleaded "not guilty" and wants to prove that he always adhered to Swiss law and never had any intention of helping US persons evade tax law. This case might be interesting: The US prosecutor will have to prove “without a doubt” that the banker is guilty of conspiracy against the USA. U.S. Experts have expressed their doubts that there is a legal basis for the accusations made and there may be problems coming up with proofs, particularly when the accusations are solely based on allegations of US tax offenders whose credibility can be doubted.