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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 CompaniesTotal Penalty $Number of Records
Bank Hapoalim$874,260,0003
Deutsche Bank$679,659,1533
Julius Baer Group$547,000,0001
Bank Leumi$400,000,0002
Union Bancaire Privee$187,000,0001
Ernst & Young$123,000,0001
NatWest Group PLC$106,384,0002

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.

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CompanyCurrent ParentCurrent Parent IndustryPrimary Offense TypeYearAgencyPenalty Amount sort icon
Credit Suisse AGUBSfinancial servicestax violations2014DOJ_TAX$1,800,000,000
UBS AGUBSfinancial servicestax violations2009DOJ_TAX$780,000,000
Credit Suisse AGUBSfinancial servicestax violations2014NY-DFS$715,000,000
Bank Hapoalim B.M. and Bank Hapoalim (Switzerland) Ltd.Bank Hapoalimfinancial servicestax violations2020DOJ_TAX$616,910,000
Deutsche Bank AGDeutsche Bankfinancial servicestax violations2010USAO$553,633,153
Bank Julius Baer & Co. Ltd.Julius Baer Groupfinancial servicestax violations2016DOJ_TAX$547,000,000
KPMG LLPKPMGbusiness servicestax violations2005DOJ_TAX$456,000,000
Bank Leumi GroupBank Leumifinancial servicestax violations2014DOJ_TAX$270,000,000
Bank Hapoalim B.M.Bank Hapoalimfinancial servicestax violations2020NY-DFS$220,000,000
BSI SA tax violations2015DOJ_TAX$211,000,000
UBS AGUBSfinancial servicestax violations2009SEC$200,000,000
Mizrahi-Tefahot Bank Ltd. tax violations2019USAO$195,000,000
HSBC Private Bank (Suisse) SAHSBCfinancial servicestax violations2019USAO$192,350,000
Union Bancaire PriveeUnion Bancaire Priveefinancial servicestax violations2016DOJ_TAX$187,000,000
Bank LeumiBank Leumifinancial servicestax violations2014NY-DFS$130,000,000
Ernst & Young LLPErnst & Youngbusiness servicestax violations2013USAO$123,000,000
Banque Pictet et Cie SA tax violations2023DOJ_TAX$122,900,000
TaxMasters, Inc. consumer protection violation2012TX-AG$113,099,820
Bank Lombard Odier & Co Ltd tax violations2015DOJ_TAX$99,809,000
Credit Agricole (Suisse) SACredit Agricolefinancial servicestax violations2015DOJ_TAX$99,211,000
Zurcher Kantonalbank tax violations2018USAO$98,500,000
Deutsche BankDeutsche Bankfinancial servicestax violations2017USAO$95,000,000
Bank J. Safra Sarasin AG tax violations2015DOJ_TAX$85,809,000
Coutts & Co LtdNatWest Group PLCfinancial servicestax violations2015DOJ_TAX$78,484,000
Swiss Life Holding AG et al.Swiss Life Groupfinancial servicestax violations2021DOJ_TAX$77,374,337
Jenkens & Gilchrist tax violations2007IRS$76,000,000
Wegelin & Co tax violations2013DOJ_TAX$74,000,000
BNP Paribas (Suisse) SABNP Paribasfinancial servicestax violations2015DOJ_TAX$59,783,000
BDO USA, LLPBDO Internationalbusiness servicestax violations2012USAO$50,000,000
HSZH Verwaltungs AG tax violations2016DOJ_TAX$49,000,000
Edmond de Rothschild (Suisse) SA and Edmond de Rothschild (Lugano) SA tax violations2015DOJ_TAX$45,245,000
Banque Cantonale Vaudoise tax violations2015DOJ_TAX$41,677,000
Sidley Austin LLPSidley Austinbusiness servicestax violations2007IRS$39,400,000
Bank Hapoalim B.M,Bank Hapoalimfinancial servicestax violations2020FED$37,350,000
BDO USA, LLPBDO Internationalbusiness servicestax violations2012IRS$34,400,000
Deutsche Bank (Suisse) SADeutsche Bankfinancial servicestax violations2015DOJ_TAX$31,026,000
EFG Bank European Financial Group SA, Geneva and EFG Bank AG tax violations2015DOJ_TAX$29,988,000
Coutts & Co Ltd.NatWest Group PLCfinancial servicestax violations2019DOJ_TAX$27,900,000
(*): Penalty amounts marked by an asterisk are ones announced by more than one agency. Parent penalty totals are adjusted to avoid double-counting.