- Credit Suisse Services AG struck a deal with U.S. regulators that will see it pay a total of $511 million, including forfeitures, after it pleaded guilty to conspiring to hide billions in offshore accounts held by wealthy U.S. tax evaders. This is the second deal in 11 years for Credit Suisse, after it pleaded guilty in 2014 for helping high-net-worth U.S. clients hide money from the IRS. The bank merged with UBS Group AG in May 2024.
A services unit of Credit Suisse pleaded guilty and was sentenced on Monday in a long-running scheme that hid wealthy U.S. accounts from authorities, according to the Department of Justice.
