The financial services company Credit Suisse Servicios AG has agreed this Monday to pay a fine of more than 510 million dollars in the United States. This comes after pleading guilty to conspiring to conceal more than 4 billion from the U.S. tax service.
The Department of Justice has indicated in a statement that the agreement was reached after Credit Suisse admitted its participation in a scheme involving the tax evasion of billions of dollars.
According to the investigation, the company helped U.S. clients to hide assets and maintain undeclared bank accounts abroad to evade taxes for several years. This illegal conduct was detected by authorities and resulted in the hefty fine imposed on Credit Suisse Servicios AG.
Regarding this case, a company spokesperson stated: "We fully acknowledge past mistakes and are committed to continuing to strengthen our controls and procedures to prevent similar situations from occurring in the future."
The fine of more than 510 million dollars imposed on Credit Suisse is one of the largest imposed on a financial entity in the United States for tax evasion cases. This sanction aims to send a message of zero tolerance towards involvement in criminal activities related to tax fraud.
