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Violation Tracker Individual Record

Company: Bank Julius Baer & Co. Ltd.
Current Parent CompanyJulius Baer Group
Parent at the Time of the Penalty Announcement subscribe to see this data field
Penalty: $547,000,000
Year: 2016
Date: February 4, 2016
Offense Group: financial offenses
Primary Offense: tax violations
Mega-ScandalAssisting Tax Evasion
Violation Description: Swiss bank Julius Baer admitted conspiring with many of its U.S. taxpayer-clients and others to help U.S. taxpayers hide billions of dollars in offshore accounts from the IRS and to evade U.S. taxes on the income earned in those accounts.
Level of Government: federal
Action Type: agency action
Agency: Justice Department Tax Division
Civil or Criminal Case: criminal
Prosecution Agreement: deferred prosecution agreement
HQ Country of Current Parent: Switzerland
Ownership Structure of Current Parent: publicly traded
Major Industry of Current Parent: financial services
Specific Industry of Current Parent: banking
Source of Data(click here)
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Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.