By: Amanda Wilson
Today's Wall Street Journal has an interesting article detailing the type of information many Swiss banks are disclosing to the Justice Department in order to avoid criminal prosecution for the banks' activities in helping U.S. taxpayers move money offshore. It seems as though every week a new foreign bank has entered into a non-prosecution agreement with the Justice Department, and the banks are happy to disclose information about their clients in an effort to save themselves.
The article can be found here.
