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Credit Suisse has pleaded guilty to helping1 wealthy Americans avoid paying taxes through secret offshore2 accounts.
The Swiss banker has agreed to pay 2.6-billion US dollars in penalties, the largest-ever penalties imposed by the US Justice Department in a criminal tax case.
US Attorney General Eric Holder3.
"This case shows that no financial institution, no matter its size or global reach is above the law. When the Department of Justice conducts investigations4 we will always follow the law and the facts wherever they may lead us. We will never hesitate to criminally sanction any company or individual that breaks the law."
The Swiss bank recruited US clients to open Swiss accounts, helped them conceal5 the accounts from the Internal Revenue Service and enabled misconduct by bank employees.
The case is part of an Obama administration's crackdown on foreign banks believed to be helping US taxpayers6 hide their assets overseas.
The US government recently signed an agreement with authorities in Singapore to track down US tax cheats.(本文由在线英语听力室整理编辑)
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