EFTA01115824.txt

"Carl Levin, Chairman... PERMANENT SUBCOMMITTEE ON INVESTIGATIONS"

"John McCain, Ranking Minority Member... PERMANENT SUBCOMMITTEE ON INVESTIGATIONS"

"ELISE J. BEAN Staff Director and Chief Counsel... PERMANENT SUBCOMMITTEE ON INVESTIGATIONS"

"UBS... entered into a Deferred Prosecution Agreement with the U.S. Department of Justice (DOJ), paid a $780 million fine"

"UBS acknowledged its role in facilitating U.S. tax evasion"

"On February 21, 2014, Credit Suisse paid a $196 million fine to the U.S. Securities and Exchange Commission (SEC) to settle securities law violations"

"In 2011, seven of its Swiss bankers were indicted by DOJ for aiding and abetting U.S. tax evasion"

"in 2000, the United States launched a major initiative called the Qualified Intermediary (QI) Program"

"IRS Commissioner Doug Shulman released information"

"the IRS opened a third OVDP initiative which remains open today"

"In March 2013, the General Accountability Office (GAO) issued a report on the OVDP program"

"GAO issued a report on the OVDP program"

"beginning in 2009, the IRS established an Offshore Voluntary Disclosure Program (OVDP)"

"OECD Center for Tax Policy Director Jeffrey Owens"

"OECD Secretary-General Angel Gurrfa"

"OECD Secretary-General Angel Gurrfa said"

"In 2010, the OECD worked with the Council of Europe to update the tax information exchange provisions"

"Also in 2012, the OECD launched a new "Tax Inspectors Without Borders" initiative"

"On February 21, 2014, Credit Suisse paid $196 million in disgorgement, pre-judgment interest, and penalty monies to the U.S. Securities and Exchange C"

"Association Chairman Patrick Odier was quoted as saying"

"SALN which was organizationally part of the Credit Suisse Private Bank for the Americas"

"the Justice Department indicted Wegelin & Co., Switzerland's oldest bank, which eventually pled guilty to conspiracy to defraud the United States of t"

"In 2012, the Justice Department indicted Wegelin & Co."

"In February 2013, Switzerland signed an intergovernmental agreement with the United States requiring all Swiss financial institutions to comply with F"

"as part of the Deferred Prosecution Agreement, UBS and the Swiss Government agreed that the bank would turn over a small number of U.S. client account"

"UBS began producing the promised information and, by the end of 2010, turned over about 4,450 additional accounts"

"The disclosure of the account information, including U.S. client names, by UBS was expressly approved by the Swiss financial regulator, FINMA"

"the United States and Switzerland signed an agreement setting out the criteria that would govern which UBS accounts would be required to disclose addi"

"the disclosure was ultimately upheld as lawful by the Swiss Federal Supreme Court"

"in the summer of 2010, the Swiss Parliament took action to formally approve the agreement and the requested disclosures"

"Credit Suisse Group AG owns Credit Suisse AG, a Swiss bank that is its primary subsidiary"

"Credit Suisse AG also owns a subsidiary U.S. holding company called Credit Suisse Holdings (USA), Inc."

"through which it controls Credit Suisse Securities (USA) LLC"

"including Credit Suisse's private bank subsidiary Clariden Leu."

"The Chairman of the Board of Directors is Urs Rohner."

"The CEO is Brady Dougan. Mr. Dougan became CEO in 2007"

"succeeding Oswald Gruebel when he became Chairman of the Board."

"the U.S. Securities and Exchange Commission instituted a cease-and-desist order and reached a settlement with Credit Suisse... agreed to pay $196 mill"

"Subcommittee interview of Romeo Cerutti, Credit Suisse"

"United States v. Markus Walder. et al.. Case No 1.1 I-CR-95 (ED. VA)"

"Robert Shafir, who as current co-head of the Credit Suisse Private Banking and Wealth Management division and CEO of the Americas business area"

"the SALN desk whose staff was trained in U.S. regulatory requirements... Credit Suisse told the Subcommittee that its policy was to concentrate on U.S"

"a desk known by the cryptic code, 'SIOAS,' which was located at the bank's branch at the Zurich airport"

"See Subcommittee interviews of Romeo Cerutti, Credit Suisse"

"See Subcommittee interviews of... Colleen Graham, Credit Suisse"

"Subcommittee interview with Agnes Reicke"

"Mr. DeChellis was the head of Credit Suisse private banking offices spread throughout North and South America"

"the General Counsel in Switzerland, Romeo Cerutti"

"the head of Private Bank Compliance, Ursula Lang, who was based in Switzerland"

"Swiss Compliance staff, headed by Martin Eichmann in 2006"