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UBS tax evasion controversies (wikipedia)
>The Swiss investment bank and financial services company, UBS Group AG, has been at the center of numerous tax evasion and avoidance investigations undertaken by U.S., French, German, Israeli, and Belgian tax authorities as a consequence of their strict banking secrecy practices.
>…
>Proposed bank secrecy rollback
>The day after settling its criminal case on 19 February 2009, the U.S. government filed a civil suit against UBS to reveal the names of all 52,000 American customers, alleging that the bank and these customers conspired to defraud the IRS and federal government of legitimately owed tax revenue. Shortly thereafter, Hillary Clinton, having been sworn in as Secretary of State in January, traveled to Geneva on March, 6 2009 to meet with the Swiss Foreign Minister to announce a settlement of the IRS suit. Within a few months, the Internal Revenue Service and the Department of Justice had arranged a tentative settlement in which the Swiss Financial Market Supervisory Authority (FINMA) would reveal information on 4,450 of the 52,000 accounts sought by the IRS, preserving the anonymity of more than 90 percent of the United States customers of UBS's cross-border business.
https://en.wikipedia.org/wiki/UBS_tax_evasion_controversies