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Justice Department signs addendum to NPA with Bank Lombard Odier

Jaclyn Jaeger | August 1, 2018

The Department of Justice has signed an addendum to a non-prosecution agreement with Bank Lombard Odier, of Zurich Switzerland. The original NPA was signed on Dec. 31, 2015. 

The Swiss Bank Program, which was announced in August 2013, provided a path for Swiss banks to resolve potential criminal liabilities in the United States relating to offshore banking services provided to United States taxpayers. Swiss banks eligible to enter the program were required to advise the Justice Department by December 2013 that they had reason to believe that they had committed tax-related criminal offenses in connection with undeclared U.S.-related accounts. 

Swiss banks participating in the program were required to make a complete disclosure of their cross-border activities, provide detailed information on an account-by-account basis for...

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