The Tide is Coming in on Offshore Account Enforcement: The Swiss Bank Program and Enforcement of the Foreign Bank Account Report
08 September 2015
Attorney Bradley Russell contributed an article to The Banking Law Journal, “The Tide Is Coming In on Offshore Account Enforcement: The Swiss Bank Program and Enforcement of the Foreign Bank Account Report,” on September 8, 2015. The article discussed the Department of Justice’s Swiss Bank Program, wherein Swiss banks may provide their American depositors’ account information to U.S. authorities under the U.S.-Swiss tax treaty. Russell provides insight on the Bank Secrecy Act, the Foreign Bank Account Report, recent enforcement actions and the likelihood that the Swiss Bank Program will result in increased civil and criminal enforcement actions against Americans with undeclared offshore accounts.
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Events
Takeaways from the Trenches: the JetBlue/Spirit Merger Trial
Foley Partner Ben Dryden will moderate a panel for the ABA State Enforcement and the Mergers and Acquisitions Committees as they host a panel consisting of both enforcers and private practitioners, who will discuss the JetBlue/Spirit merger and what this decision may mean for the future of merger enforcement, including in the airline industry.