August 26 2025

Leodan Privatbank AG and Justice Department Reach Agreement

Through the Swiss Bank Program, some Swiss banks that faced the prospect of criminal liability in the U.S. informed the Justice Department of potential tax-related criminal offenses that pertained to undeclared U.S.-related accounts. As a result of this program, Leodan Privatbank AG and the Justice Department have entered into a non-prosecution agreement. [1/26/16]