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ID: 54720579 Video

Headline: Credit Suisse Fined Over $510 Million for Helping Rich Americans Evade Taxes

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Credit Suisse has pleaded guilty to US charges for helping wealthy Americans hide over $4 billion from the tax authorities. The Swiss bank's subsidiary, Credit Suisse Services, was fined $510 million for maintaining 475 offshore accounts to conceal assets from the IRS.

Keywords: Current Affairs & Politics,Credit Suisse,UBS,tax evasion,offshore accounts,US Internal Revenue Service,$4 billion,false income tax returns,fine,$510 million,fraudulent acts,2014 plea agreement,US Senate Finance Committee,non-prosecution agreement,banking,finance,US tax law,IRS,legal settlements,international finance,offshore banking,tax compliance,criminal charges,global banks,financial crimes

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