From: Kathy Ruemmler Sent: Monday, March 3 , To: Jeffrey E. Subject: Fwd: Forwarded message From:= <Kathryn.Ruemmler Date: Mar 30, 2015 12:23 PM Subject: To: Cc: Department of Justice Office of Public Affairs FOR IMMEDIATE RELEASE Monday, March 30, 2015 BSI SA of Lugano, Switzerland, is First Bank to Reach Resolution=Under Justice Department's Swiss Bank Program=/p> The Department of Justice announced today t=at BSI SA, one of the 10 largest private banks in Switzerland, is the first bank to reach a resolution under the Department of JusticeQ=804*s Swiss Bank Program chttp://www.justice.gov/tax/2013/txdv13975.htm> .<=span> "Because of the department'= continuing efforts to root out offshore tax evasion, Swiss banks are oper=ting much differently today than they did just a few years ago, and the departm=nes Swiss Banking Program is a big part of that change," =aid Acting Deputy Attorney General Sally Quillian Yates. "Wh=n we announced the program, we said that it would enhance our efforts to pursue those who help facilitate tax evasion and those who use secret offshore accounts to evade taxes. And it has done just that.=C24* We are using the information that we have learned from BSI and other=Swiss banks in the program to pursue additional investigations into both banks and individuals." The Swiss Bank Program, which was announced=on Aug. 29, 2013, provides a path for Swiss banks to resolve potential criminal liabilities in the United States. Swiss banks eli=ible to enter the program were required to advise the department by Dec. 3=, 2013, that they had reason to believe that they had committed tax-relate= criminal offenses in connection with undeclared United States-related accounts. Banks already under crimi=al investigation related to their Swiss-banking activities and all individ=als were expressly excluded from the program. Under the program, banks are required to: • Make a complete disclosure of their cross-border activi=ies;