World Radio Switzerland Interviews Scott Michel, After Wegelin Bank's Indictment, Who's Next?
02.06.2012
World Radio Switzerland
Excerpt taken from WRS's website.
After Wegelin, who could be next? That's the question many are asking after the American indictment of the St Gallen private bank. In all, Wegelin is one of 11 Swiss banks reportedly under investigation by authorities there for helping U.S. taxpayers hide their money. Bern has been in negotiations with Washington to try to find a deal. But some experts are warning if those talks drag on, other banks could find themselves under indictment. Washington correspondent Daniel Ryntjes talks to Washington, D.C. tax attorney Scott Michel and WRS's Dave Goodman talks to the secretary general of the Swiss Private Bankers Association, Michel Dérobert.
After Wegelin, who could be next? That's the question many are asking after the American indictment of the St Gallen private bank. In all, Wegelin is one of 11 Swiss banks reportedly under investigation by authorities there for helping U.S. taxpayers hide their money. Bern has been in negotiations with Washington to try to find a deal. But some experts are warning if those talks drag on, other banks could find themselves under indictment. Washington correspondent Daniel Ryntjes talks to Washington, D.C. tax attorney Scott Michel and WRS's Dave Goodman talks to the secretary general of the Swiss Private Bankers Association, Michel Dérobert.
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