Is Your Banker Under Investigation for Helping with Tax Evasion?Offshore Account Update
Posted on November 28, 2014
If you have money offshore in a bank in Switzerland, Israel, the Caribbean, Singapore or other countries, your banker and bank may soon be under investigation, if they are not already. The U.S. government is cracking down on tax evasion and they are going after banks and financial professionals with the hope that criminal prosecutions will convince these institutions to turn over customer data. So far, the strategy seems to be working.