Principal Daniel W. Levy participated in a podcast hosted by the Association of Certified Financial Crime Specialists and discussed the program announced recently by the United States Department of Justice to encourage Swiss banks to cooperate in resolving matters concerning U.S. taxpayers who maintained undeclared accounts. During the podcast, Mr. Levy spoke with ACFCS president Charles Intriago and analyzed the terms, consequences, and implications of the unprecedented program.
Mr. Levy, a former federal prosecutor in the Southern District of New York, led the 2012 successful prosecution of Wegelin & Co., Switzerland’s oldest private bank. The 274-year-old financial institution pleaded guilty to conspiracy to commit tax evasion and paid $74 million in forfeiture and fines.
Click here for the podcast.