US ups pressure to obtain client data from 40 Swiss insurers and banks

Mark Battersby
clock • 1 min read

The United States' Internal Revenue Service (IRS) has extended its requests to a group of 40 Swiss banks to disclose full details of client accounts held by US citizens. Switzerland's Federal Tax Administration on Monday (28 June) published a list of 40 banks, fiduciary firms and insurance companies, here. The online broker Swissquote, headquartered on Lake Geneva, is the latest Swiss financial institution featuring on the list of the IRS, according to Swiss Info. It is the fourth update of group administrative requests by the Internal Revenue Service (IRS) since last December unde...

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