Under the penalty provisions of the program, banks seeking a non-prosecution agreement must agree to a penalty in an amount equal to 20 percent of the maximum aggregate dollar value of all non-disclosed U.S. accounts& ...
swiss penalty clause
the Swiss Bankers Association (SBA) evaluate the penalty clause is “legally acceptable, economically sustainable level,” the upper end, and that the agreement was only possible to achieve legal certainty solutions .
The DOJ wants the Swiss institutions to pay a set penalty to resolve their criminal liability through either a deferred prosecution agreement or a non-prosecution agreement. Some banks may take the position, however, that& ...
Banks that believe no U.S. laws have been violated can request a Non-Target Letter. In the case of violators large monetary penalties will be imposed. The Swiss banks may opt to participate but are not required to enter the& ...
Under the penalty provisions of the program, banks seeking a non-prosecution agreement must agree to a penalty in an amount equal to 20 percent of the maximum aggregate dollar value of all non-disclosed U.S. accounts& ...
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- Sep 12 Thu 2013 04:29
Swiss Penalty Clause
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Swiss Penalty Clause
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