Based on the joint statement signed on 29 August 2013 and the unilateral US programme of the US Department of Justice (DOJ) that entered into force on the same day, Swiss banks that had reason to believe they may have violated US law (category 2) had to register with the DOJ by 31 December 2013 and fulfil the requirements of the US programme by 30 June 2014. Many Swiss banks seized this opportunity to resolve the tax dispute.
Switzerland hopes that the process for category 1 banks, against which criminal investigations are already being carried out by the DOJ, can now make headway and be completed shortly.
The Swiss authorities are in regular contact with the DOJ, working towards ensuring that Swiss banks are treated fairly and are not disadvantaged relative to US or other banks. Such contact also makes it possible to call for compliance with the Swiss legal system.
Last modification 22.08.2018