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Violation Tracker Summary for Mega-Scandal
Mega-Scandal: Assisting Tax Evasion
Description: This list shows cases in which banks paid penalties of $25 million or more to resolve allegations they assisted customers in tax evasion.
Penalty Total since 2000: $8,662,849,310
Number of Penalty Records: 38
Note: The totals here are adjusted to account for the fact that each current parent's entries may include both agency records and settlement announcements for the same case; or else a penalty covering multiple locations may be listed in the individual records for each of the facilities. They are also adjusted to reflect cases in which federal and state or local agencies cooperated and issued separate announcements of the outcome. Duplicate or overlapping penalty amounts are marked with an asterisk in the individual records list below.
| Top 10 Current Parent Companies | Total Penalty $ | Number of Records |
| UBS | $3,495,000,000 | 4 |
| Bank Hapoalim | $874,260,000 | 3 |
| Deutsche Bank | $679,659,153 | 3 |
| Julius Baer Group | $547,000,000 | 1 |
| KPMG | $456,000,000 | 1 |
| Bank Leumi | $400,000,000 | 2 |
| Union Bancaire Privee | $293,384,000 | 3 |
| Bank Mizrahi-Tefahot | $195,000,000 | 1 |
| HSBC | $192,350,000 | 1 |
| Ernst & Young | $123,000,000 | 1 |
Individual Penalty Records:
Click on the company or penalty amount for more information on each case. Click on the current parent name to reach the summary page for that parent company.
| Company | Current Parent | Current Parent Industry | Primary Offense Type | Year | Agency | Penalty Amount  |
| Credit Suisse AG | UBS | financial services | tax violations | 2014 | DOJ_TAX | $1,800,000,000 |
| UBS AG | UBS | financial services | tax violations | 2009 | DOJ_TAX | $780,000,000 |
| Credit Suisse AG | UBS | financial services | tax violations | 2014 | NY-DFS | $715,000,000 |
| Bank Hapoalim B.M. and Bank Hapoalim (Switzerland) Ltd. | Bank Hapoalim | financial services | tax violations | 2020 | DOJ_TAX | $616,910,000 |
| Deutsche Bank AG | Deutsche Bank | financial services | tax violations | 2010 | USAO | $553,633,153 |
| Bank Julius Baer & Co. Ltd. | Julius Baer Group | financial services | tax violations | 2016 | DOJ_TAX | $547,000,000 |
| KPMG LLP | KPMG | business services | tax violations | 2005 | DOJ_TAX | $456,000,000 |
| Bank Leumi Group | Bank Leumi | financial services | tax violations | 2014 | DOJ_TAX | $270,000,000 |
| Bank Hapoalim B.M. | Bank Hapoalim | financial services | tax violations | 2020 | NY-DFS | $220,000,000 |
| BSI SA | | | tax violations | 2015 | DOJ_TAX | $211,000,000 |
| UBS AG | UBS | financial services | tax violations | 2009 | SEC | $200,000,000 |
| Mizrahi-Tefahot Bank Ltd. | Bank Mizrahi-Tefahot | financial services | tax violations | 2019 | USAO | $195,000,000 |
| HSBC Private Bank (Suisse) SA | HSBC | financial services | tax violations | 2019 | USAO | $192,350,000 |
| Union Bancaire Privee | Union Bancaire Privee | financial services | tax violations | 2016 | DOJ_TAX | $187,000,000 |
| Bank Leumi | Bank Leumi | financial services | tax violations | 2014 | NY-DFS | $130,000,000 |
| Ernst & Young LLP | Ernst & Young | business services | tax violations | 2013 | USAO | $123,000,000 |
| Banque Pictet et Cie SA | | | tax violations | 2023 | DOJ_TAX | $122,900,000 |
| TaxMasters, Inc. | | | consumer protection violation | 2012 | TX-AG | $113,099,820 |
| Bank Lombard Odier & Co Ltd | | | tax violations | 2015 | DOJ_TAX | $99,809,000 |
| Credit Agricole (Suisse) SA | Credit Agricole | financial services | tax violations | 2015 | DOJ_TAX | $99,211,000 |
| Zurcher Kantonalbank | | | tax violations | 2018 | USAO | $98,500,000 |
| Deutsche Bank | Deutsche Bank | financial services | tax violations | 2017 | USAO | $95,000,000 |
| Bank J. Safra Sarasin AG | | | tax violations | 2015 | DOJ_TAX | $85,809,000 |
| Coutts & Co Ltd | Union Bancaire Privee | financial services | tax violations | 2015 | DOJ_TAX | $78,484,000 |
| Swiss Life Holding AG et al. | Swiss Life Group | financial services | tax violations | 2021 | DOJ_TAX | $77,374,337 |
| Jenkens & Gilchrist | | | tax violations | 2007 | IRS | $76,000,000 |
| Wegelin & Co | | | tax violations | 2013 | DOJ_TAX | $74,000,000 |
| BNP Paribas (Suisse) SA | BNP Paribas | financial services | tax violations | 2015 | DOJ_TAX | $59,783,000 |
| BDO USA, LLP | BDO International | business services | tax violations | 2012 | USAO | $50,000,000 |
| HSZH Verwaltungs AG | | | tax violations | 2016 | DOJ_TAX | $49,000,000 |
| Edmond de Rothschild (Suisse) SA and Edmond de Rothschild (Lugano) SA | | | tax violations | 2015 | DOJ_TAX | $45,245,000 |
| Banque Cantonale Vaudoise | | | tax violations | 2015 | DOJ_TAX | $41,677,000 |
| Sidley Austin LLP | Sidley Austin | business services | tax violations | 2007 | IRS | $39,400,000 |
| Bank Hapoalim B.M, | Bank Hapoalim | financial services | tax violations | 2020 | FED | $37,350,000 |
| BDO USA, LLP | BDO International | business services | tax violations | 2012 | IRS | $34,400,000 |
| Deutsche Bank (Suisse) SA | Deutsche Bank | financial services | tax violations | 2015 | DOJ_TAX | $31,026,000 |
| EFG Bank European Financial Group SA, Geneva and EFG Bank AG | | | tax violations | 2015 | DOJ_TAX | $29,988,000 |
| Coutts & Co Ltd. | Union Bancaire Privee | financial services | tax violations | 2019 | DOJ_TAX | $27,900,000 |
