U.S. Department
of Justice
Offshore Compliance Initiative
The Offshore Compliance Initiative develops projects, methodologies, and techniques for identifying U.S. taxpayers who are involved in abusive offshore transactions and financial arrangements for tax avoidance purposes.
News, Indictments, Pleas, Sentencings, and Other Developments
March 10, 2025
Florida Woman Pleads Guilty to Conspiring with Family to Hide from the IRS More than $90M In Offshore Bank Accounts
January 30, 2025
Federal Courts Authorize IRS “John Doe” Summonses to Trident Trust Entities
December 4, 2023
Swiss Private Bank Banque Pictet Admits to Conspiring with U.S. Taxpayers to Hide Assets and Income in Offshore Accounts
March 28, 2023
Houston Attorney Pleads Guilty to Offshore Tax Evasion Scheme
July 15, 2022
Turkish Businessman Extradited from Austria to Face Money Laundering and Wire Fraud Charges
June 7, 2022
Detroit Area Tax Preparer Indicted for Falsifying His Own Returns and Obstructing the IRS
September 28, 2021
Indictment Unsealed Against Six Individuals and Foreign Financial Service Firm for Tax Evasion Conspiracy
September 23, 2021
Florida Businessman and CFO of Russian Natural Gas Company Arrested on Tax Charges Related to $93 Million Hidden in Offshore Accounts
May 14, 2021
Florida Man Sentenced for Evading Taxes on Millions in Secret Offshore Bank Accounts
March 3, 2021
Businessman Indicted for Not Reporting Foreign Bank Accounts and Filing False Documents with the IRS
February 10, 2021
Former Florida Resident Indicted for Tax Evasion and Failing to Report Foreign Bank Accounts
October 15, 2020
CEO of Multibillion-Dollar Software Company Indicted for Decades-Long Tax Evasion and Wire Fraud Schemes
August 6, 2020
Houston Attorney Sentenced to Prison for Offshore Tax Evasion Scheme
April 30, 2020
Israel’s Largest Bank, Bank Hapoalim, Admits to Conspiring with U.S. Taxpayers to Hide Assets and Income in Offshore Accounts
August 27, 2019
Former CPA Indicted for Failing to Report Foreign Bank Accounts and Filing False Documents with the IRS
October 30, 2018
Huntington Beach Man Pleads Guilty to Filing a False Tax Return That Failed to Report Over $2 Million Held in Offshore Israeli Bank Account
September 11, 2018
Former Executive of Loyal Bank Ltd Pleads Guilty to Conspiring to Defraud the United States by Failing to Comply with Foreign Account Tax Compliance Act (FATCA)
August 20, 2018
Los Angeles Man Pleads Guilty to Not Reporting Over $1 Million Held in Israeli Offshore Accounts
June 5, 2018
California Resident Convicted of Tax Crimes
May 14, 2018
Canadian Man Pleads Guilty to Conspiracy and to Making a False Claim Against the United States
January 25, 2018
Connecticut Resident Sentenced to Prison for Concealing Assets in Swiss Accounts
October 27, 2017
Connecticut Resident Pleads Guilty to Failing to Report Foreign Financial Accounts
April 25, 2017
Southern California Residents Sentenced to Prison for Hiding Millions of Dollars in Secret Foreign Bank Accounts
February 10, 2017
Former University Business Professor sentenced to Prison for Hiding over $220 Million in Offshore Banks
January 18, 2017
Southern California Residents Plead Guilty to Hiding Millions of Dollars in Secret Foreign Bank Accounts
December 29, 2016
Justice Department Reaches Final Resolutions Under Swiss Bank Program
October 7, 2016
Michigan Business Owner Pleads Guilty to Concealing Swiss Bank Account
September 28, 2016
New York City Resident Pleads Guilty to Using Sham Foreign Entity and Secret Foreign Accounts in Switzerland and Israel to Evade Taxes
September 21, 2016
Connecticut Man Pleads Guilty to Concealing Income from Undeclared Panamanian Bank Account
September 5, 2016
Principal Deputy Assistant Attorney General Caroline D. Ciraolo Delivers Remarks at the Cambridge International Symposium on Economic Crime
August 1, 2016
California Businessman Charged with Conspiring with Israeli Banks to Hide Income
June 22, 2016
After UBS Produces Singapore-Based Documents, Justice Department Dismisses Summons Case
June 3, 2016
Former Maryland Resident Pleads Guilty to Conspiracy to Defraud the United States
April 12, 2016
Fugitive Convicted of Federal Tax Crimes Arrested by the U.S. Marshals Service in Arizona After More Than 14 Years on the Run
April 4, 2016
Alaska Plastic Surgeon Sentenced to Prison for Wire Fraud and Tax Evasion
February 3, 2016
Former U.S. Citizen Pleads Guilty to Tax Fraud Related to Swiss Financial Account
January 27, 2016
Justice Department Announces Final Swiss Bank Program Category 2 Resolution with HSZH Verwaltungs AG
January 25, 2016
Justice Department Announces Leodan Privatbank AG Reaches Resolution Under Swiss Bank Program
January 6, 2016
Justice Department Announces Resolution Under Swiss Bank Program with Union Bancaire Privée, UBP SA
December 31, 2015
Justice Department Announces Two Banks Reach Resolutions Under Swiss Bank Program
December 23, 2015
Justice Department Announces Four Banks Reach Resolutions Under Swiss Bank Program
December 23, 2015
Justice Department Announces Banque Cantonale Vaudoise Reaches Resolution Under Swiss Bank Program
December 18, 2015
Justice Department Announces Joint Resolution with Two Banks Under Swiss Bank Program
December 17, 2015
Justice Department Announces Three Banks Reach Resolutions Under Swiss Bank Program
December 15, 2015
Justice Department Announces Three Banks Reach Resolutions Under Swiss Bank Program
December 10, 2015
Justice Department Announces Two Banks Reach Resolutions Under Swiss Bank Program
December 8, 2015
Justice Department Announces Aargauische Kantonalbank Reaches Resolution Under Swiss Bank Program
December 3, 2015
Justice Department Announces EFG Bank European Financial Group SA, Geneva, and EFG Bank AG Reach Joint Resolution Under Swiss Bank Program
November 24, 2015
Justice Department Announces Privatbank IHAG Zürich AG Reaches Resolution Under Swiss Bank Program
November 24, 2015
Justice Department Announces Deutsche Bank (Suisse) SA Reaches Resolution under Swiss Bank Program
November 19, 2015
Justice Department Announces Three Banks Reach Resolutions Under Swiss Bank Program
November 17, 2015
Justice Department Announces Maerki Baumann & Co. AG Reaches Resolution Under Swiss Bank Program
November 13, 2015
Justice Department Announces Standard Chartered Bank (Switzerland) SA Reaches Resolution Under Swiss Bank Program
November 12, 2015
Justice Department Announces Two Banks Reach Resolutions Under Swiss Bank Program
November 4, 2015
Alaska Plastic Surgeon Convicted of Wire Fraud and Tax Evasion
November 3, 2015
Justice Department Announces Banque Bonhôte & Cie SA Reaches Resolution Under Swiss Bank Program
October 29, 2015
Justice Department Announces Four Banks Reach Resolutions Under Swiss Bank Program
October 23, 2015
Justice Department Announces Piguet Galland & Cie SA Reaches Resolution under Swiss Bank Program
October 16, 2015
Justice Department Announces BBVA Suiza S.A. Reaches Resolution under Swiss Bank Program
October 8, 2015
Justice Department Announces Schaffhauser Kantonalbank Reaches Resolution Under Swiss Bank Program
October 6, 2015
Swiss Asset Management Firm Finacor SA Reaches Resolution with Justice Department
October 1, 2015
Justice Department Announces BHF-Bank (Schweiz) AG Reaches Resolution under Swiss Bank Program
September 25, 2015
Justice Department Announces Two Banks Reach Resolutions Under Swiss Bank Program
September 17, 2015
Justice Department Announces Two Banks Reach Resolutions Under Swiss Bank Program
September 16, 2015
Court Authorizes IRS to Issue Summonses to Discover U.S. Taxpayers with Offshore Bank Accounts at Belize Bank International Limited and Belize Bank Limited
September 15, 2015
Bank La Roche & Co AG Reaches Resolution Under Justice Department's Swiss Bank Program
September 10, 2015
Valiant Bank AG Reaches Resolution Under Justice Department's Swiss Bank Program
September 3, 2015
Schroder & Co. Bank AG Reaches Resolution Under Justice Department's Swiss Bank Program and Agrees to Pay $10.3 Million Penalty
August 27, 2015
Hypothekarbank Lenzburg AG Reaches Resolution Under Justice Department's Swiss Bank Program
August 20, 2015
Two Swiss Banks Reach Resolutions Under Justice Department's Swiss Bank Program
August 6, 2015
Three Swiss Banks Reach Resolutions Under Justice Department's Swiss Bank Program
August 3, 2015
Bank EKI Genossenschaft Reaches Resolution Under Justice Department's Swiss Bank Program
July 30, 2015
Three Swiss Banks Reach Resolutions Under Justice Department's Swiss Bank Program
July 23, 2015
Justice Department Announces Swiss Bank Program Resolutions with Two More Banks
July 16, 2015
Justice Department Announces Three Banks Reach Resolutions Under Swiss Bank Program
July 9, 2015
Justice Department Announces Two Banks Reach Resolutions Under Swiss Bank Program
July 2, 2015
Swiss Bank Reaches Resolution Under Justice Department's Swiss Bank Program
June 26, 2015
Swiss Bank Reaches Resolution Under Justice Department's Swiss Bank Program
June 19, 2015
Two More Banks Reach Resolutions Under Justice Department's Swiss Bank Program
June 9, 2015
Two More Banks Reach Resolutions Under Justice Department's Swiss Bank Program
June 3, 2015
Two More Banks Reach Resolutions Under Justice Department's Swiss Bank Program
May 28, 2015
Four Banks Reach Resolutions Under Department of Justice Swiss Bank Program
May 15, 2015
Finter Bank Zurich AG Reaches Resolution Under Department of Justice Swiss Bank Program
May 8, 2015
Vadian Bank AG Reaches Resolution Under Department of Justice Swiss Bank Program
March 30, 2015
BSI SA of Lugano, Switzerland, is First Bank to Reach Resolution Under Justice Department’s Swiss Bank Program
February 18, 2015
New York Man Residing in the Hamptons Pleads Guilty to Obstructing Internal Revenue Service for Concealing Swiss Bank Accounts
February 2, 2015
California Doctor Pleads Guilty to Failing to Report Foreign Account at Bank Leumi in Luxembourg
December 22, 2014
Tax Return Preparers Convicted of Assisting Wealthy Clients Hide Millions in Secret Offshore Accounts at Israeli Banks
December 22, 2014
Bank Leumi Admits to Assisting U.S. Taxpayers in Hiding Assets in Offshore Bank Accounts
November 21, 2014
Credit Suisse Sentenced for Conspiracy to Help U.S. Taxpayers Hide Offshore Accounts from Internal Revenue Service
November 18, 2014
Manhattan U.S. Attorney Announces Charges Against Kentucky Resident for Maintaining Secret Swiss Bank Accounts
October 20, 2014
New Hampshire Man Pleads Guilty to Filing False Tax Return
October 3, 2014
Caribbean-Based Investment Advisor and Attorney Sentenced for Using Offshore Accounts to Launder and Conceal Funds
September 5, 2014
Caribbean-Based Investment Advisor Sentenced for Using Offshore Accounts to Launder and Conceal Funds
July 11, 2014
Caribbean-Based Investment Advisors and Attorney Plead Guilty to Using Offshore Accounts to Launder and Conceal Funds
June 5, 2014
Comments About the Program for Non-Prosecution Agreements or Non-Target Letters for Swiss Banks
May 28, 2014
Connecticut Man Who Used Offshore Accounts Sentenced to Prison for Tax Evasion and Conspiracy
May 23, 2014
Alaska Plastic Surgeon Indicted on Tax Evasion Charges for Concealing Bank Accounts in Panama and Costa Rica
May 19, 2014
Credit Suisse Pleads Guilty to Conspiracy to Aid and Assist U.S. Taxpayers in Filing False Returns
May 9, 2014
Florida Doctor Sentenced for Federal Tax Crimes
April 30, 2014
California Banker Charged with Helping U.S. Taxpayers Conceal Secret Israeli Bank Accounts
April 30, 2014
Swiss Offshore Tax Evasion Enabler Pleads Guilty
March 24, 2014
U.S. and Canadian Citizens Charged with Using Offshore Accounts and Foreign Nominee Entities to Launder $200,000
March 21, 2014
Former President of Russian Steel Producer's U.S. Subsidiary Indicted for Hiding Assets in Secret Swiss Bank Accounts
March 18, 2014
California Attorney Sentenced to Prison in Scheme to Hide Millions in Secret Swiss Accounts at UBS AG and PICTET & CIE
March 12, 2014
Swiss Banker Pleads Guilty to Conspiring with U.S. Tax Evaders, Other Swiss Bankers and Bank Management
February 27, 2014
Portola Valley, Calif., Man Sentenced to Prison for Failure to Report Foreign Bank Accounts Held at UBS
January 13, 2014
Court Rejects Banking Associations' Challenge to Regulations Addressing Offshore Tax Avoidance
December 12, 2013
First Deadline Approaches for Participation in the Program for Non-Prosecution Agreements or Non-Target Letters for Swiss Banks
November 12, 2013
Court Authorizes IRS to Issue Summonses for Records Relating to U.S. Taxpayers with Offshore Bank Accounts
November 5, 2013
Comments on Program for Non-Prosecution Agreements or Non-Target Letters for Swiss Banks
November 4, 2013
Los Angeles Businessman Pleads Guilty to Conspiring to Defraud the United States by Concealing Israeli Bank Accounts
October 18, 2013
Additional Charges Brought Against Tax Preparers Previously Charged with Helping Clients Hide Millions in Offshore Israeli Banks
August 29, 2013
California Businessman Pleads Guilty to Conspiracy to Conceal Israeli Bank Accounts
August 29, 2013
United States and Switzerland Issue Joint Statement Regarding Tax Evasion Investigations
July 17, 2013
California Businessman Pleads Guilty to Concealing Foreign Bank Account at Israeli Bank on His Tax Return
July 1, 2013
Maryland Businessman Pleads Guilty to Concealing Foreign Bank Account at Israel-Based Bank on His Tax Return
June 28, 2013
Former Swiss Banker Pleads Guilty to Failure to Report Foreign Bank Account
June 13, 2013
Wyoming Couple Indicted for Tax Evasion
April 12, 2013
California Businesswoman Agrees to Plead Guilty to Conspiracy to Conceal Israeli Bank Accounts
March 4, 2013
Swiss Bank Sentenced in Manhattan Federal Court for Conspiring to Evade Taxes
February 26, 2013
Middlesex County, N.J. Man Admits Tax Evasion and Concealing $1.2M in Income in Undeclared Indian Bank Accounts
January 30, 2013
California Man Pleads Guilty to Failure to Report Foreign Bank Accounts at UBS
January 8, 2013
South Florida Woman Pleads Guilty to Failing to Disclose Income from Swiss Bank Accounts and Agrees to $21 Million Penalty
January 7, 2013
Somerset County, N.J., Man Pleads Guilty to Concealing Income from Undeclared Swiss and Indian Bank Accounts
January 3, 2013
Swiss Bank Pleads Guilty in New York City Federal Court to Conspiracy to Evade Taxes
May 30, 2012
South Florida Retired Businessman Pleads Guilty to Failing to Disclose Assets Held in Swiss Banks
February 2, 2012
Swiss Bank Indicted on U.S. Tax Charges
January 30, 2012
UBS Clients and Tax Attorney Indicted in Phoenix for Hiding Assets in Secret Foreign Bank Accounts
December 7, 2011
Client of UBS and Swiss Cantonal Bank Indicted for Conspiracy to Defraud the IRS
November 17, 2011
HSBC India Client Indicted for Tax Evasion and Failing to Report Foreign Bank Accounts
August 3, 2011
UBS Client Pleads Guilty to Filing False Tax Return
August 2, 2011
Former UBS Banker Charged with Helping U.S. Taxpayers Use Secret Swiss Bank Accounts to Evade U.S. Taxes
July 21, 2011
Swiss International Bank's Former Head of North America Offshore Banking, Others Charged with Conspiracy
June 28, 2011
HSBC India Client Indicted for Filing False Tax Returns and Failing to Report Foreign Bank Account
June 20, 2011
California UBS Clients Plead Guilty to Hiding Assets in Secret Swiss Bank Account
May 24, 2011
New Jersey UBS Client Sentenced for Failing to Report More Than $1 Million in Swiss Bank Account
May 23, 2011
New Jersey UBS Client Sentenced for Failing to Report More Than $750,000 in Swiss Bank Account
May 19, 2011
Bank Director Charged with Hiding Foreign Assets
April 11, 2011
New Jersey Businessman Pleads Guilty to Conspiring to Conceal Offshore Bank Accounts from the IRS
April 7, 2011
Justice Department Asks Court to Allow IRS to Seek HSBC India Bank Account Records
March 14, 2011
UBS Client Sentenced in San Diego for Hiding Assets in Secret Bahamian and Swiss Bank Accounts
March 8, 2011
Former Ohio Man Pleads Guilty to Failing to Report His Foreign Bank Account at UBS in Switzerland
March 4, 2011
Former UBS Client Sentenced for Hiding Millions in Offshore Bank Accounts
February 23, 2011
Four Swiss Bankers Charged with Helping U.S. Taxpayers Use Secret Accounts at Swiss Banks to Evade U.S. Taxes
February 4, 2011
Miami Beach Hotel Developers Sentenced for Tax Fraud
December 22, 2010
Former UBS Banker Pleads Guilty to Helping American Client Conceal Assets Offshore
November 18, 2010
California UBS Client Charged with Hiding Assets in Secret Swiss Bank Account
July 15, 2010
Swiss Lawyer Indicted for Helping to Hide Swiss Bank Accounts and Monies Returned to U.S. Clients
May 26, 2010
Miami Beach Hotel Developers Indicted and Charged with Tax Fraud
April 23, 2010
Former UBS Client Sentenced for Hiding $10 Million in Offshore Bank Accounts
April 15, 2010
Miami Beach Hotel Developers Charged with Conspiring to Defraud United States
April 13, 2010
Former UBS Client Pleads Guilty to Hiding Assets in Secret Offshore Bank Accounts
April 12, 2010
UBS Client Pleads Guilty to Failing to Report Over $1 Million in Swiss Bank Accounts
February 16, 2010
Virginia Doctor Pleads Guilty to Conspiracy Involving Undeclared Swiss Bank Account
February 4, 2010
Former UBS Client Pleads Guilty to Hiding $10 Million in Offshore Bank Accounts
November 17, 2009
Justice Department & IRS Announce Results of UBS Settlement & Unprecedented Response in Voluntary Tax Disclosure Program
October 5, 2009
Seattle Area UBS Client Pleads Guilty to Filing a False Tax Return
September 25, 2009
UBS Client Pleads Guilty to Failing to Report $6.1 Million in Swiss Bank Accounts
August 21, 2009
Former UBS Banker Sentenced to 40 Months for Aiding Billionaire American Evade Taxes
August 20, 2009
Swiss Banking Executive and Swiss Lawyer Charged with Conspiring to Defraud the United States
August 19, 2009
U.S. Discloses Terms of Agreement with Swiss Government Regarding UBS
July 28, 2009
UBS Client Pleads Guilty to Filing False Tax Return, Hid $8 Million in Secret Swiss Bank Accounts
June 25, 2009
UBS Client Pleads Guilty to Filing False Tax Return
April 15, 2009
Department of Justice Asks Court to Serve Summons for Offshore Records
April 14, 2009
UBS Client Pleads Guilty to Filing False Tax Return Hid Assets Worth $3 Million in Secret Swiss Bank Account
April 2, 2009
UBS Client Charged with Filing False Tax Return
February 19, 2009
United States Asks Court to Enforce Summons for UBS Swiss Bank Account Records
February 18, 2009
UBS Enters into Deferred Prosecution Agreement