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Thursday March 28, 2024

Swiss financial firm to pay $10.25mln

By REUTERS
July 29, 2018

WASHINGTON: The U.S. Justice Department on Friday said that Switzerland’s Mirelis Holding S.A., a financial and asset management firm, will pay $10.25 million to the United States in order to avoid prosecution for tax-related criminal offenses.

In a statement the Justice Department said the non-prosecution agreement and fine were part of an ongoing U.S. crackdown on citizens using Swiss bank accounts to avoid having to pay taxes.