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Swiss banks want to review amnesty terms

Published Fri, Oct 24, 2014 · 09:50 PM

DeeperDive is a beta AI feature. Refer to full articles for the facts.

New York

LAWYERS representing 73 Swiss banks seeking to avoid a tax-evasion probe by United States authorities wrote a letter to the US Department of Justice raising questions over a dozen demands, including the banks' cooperation with other nations.

In the Oct 21 letter, they questioned the terms of a proposed non-prosecution agreement over how banks can achieve amnesty through the disclosure programme announced last year.

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