An Israeli bank has admitted to helping over 1,500 U.S. account holders avoid paying taxes.
As part of a settlement reached on Monday with the U.S. Department of Justice, Bank Leumi Group will pay $270 million in fines. It's the first time an Israeli bank has admitted to this type of criminal activity.
Israeli bank helped U.S. account holders hide money in offshore accounts - Dec. 22, 2014
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