Close Menu
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Regulation
    • Market Cap
    • Web 3
    • Scam
  • Blockchain
  • NFT
  • Metaverse
  • Analysis
  • Learn
  • Blog
  • Contact
    • Tech7685@gmail.com
What's Hot

Finish Bitcoin price inches in the direction of all time-can Momentum?

2025-05-19

Only 5% will make it

2025-05-19

SEC chairman Atkins confirms the end of hard crypto enforcement, proposes a uniform framework

2025-05-19
Facebook X (Twitter) Instagram
  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • BitcoinPlatform.com
Facebook X (Twitter) Instagram
Free Cryptocurrency – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Regulation
    • Market Cap
    • Web 3
    • Scam
  • Blockchain

    Cdari works together with Laika Ai to strengthen blockchain -intelligence about chains

    2025-05-19

    Vitaminai and Blocx partner to stimulate security and productivity by bridging Web2 and Web3

    2025-05-19

    Sentismai integrates Kyberswap for seamless EVM -Kettingwaps

    2025-05-19

    Alchemie acquires Solana developer Dexterlab for unknown sum

    2025-05-19

    Interlink and Blazpay Partner to improve the user experience in Web3 with AI

    2025-05-19
  • NFT

    Solana Meme Coin Ponke Set to release assembly objects, clothing via Jcorp Spinout

    2025-05-19

    The most popular collections of the moment on blockchain

    2025-05-18

    Raoul Pal sees NFT market exploding when Ethereum Bull Cycle is approaching

    2025-05-17

    Ethereum is at the top of the charts in weekly NFT sales with $ 44.7 million in sales volume

    2025-05-16

    Founder wallet emptied while he leaves

    2025-05-15
  • Metaverse

    Shib: The Metaverse – Part of the expanding Shiba Inu ecosystem

    2025-01-03

    Experience to Earn: Everdome’s Metaverse Frontier

    2024-12-30

    Beyond Bots: Meta Motivo and the Dawn of Human Digital Life

    2024-12-13

    Exploring NetVRk: What’s Behind This AI-Powered Virtual Universe?

    2024-10-28

    Council of Europe emphasizes the impact of Metaverse on privacy and democracy

    2024-09-05
  • Analysis

    Finish Bitcoin price inches in the direction of all time-can Momentum?

    2025-05-19

    XRP -Price confirms Bullish reversing settings with this demand zone

    2025-05-19

    Ethereum – price cannot break through – what does it stop?

    2025-05-19

    Dogecoin (Doge) is struggling to support profit while Meme Coin cools Mania

    2025-05-19

    Crypto analyst says that Bitcoin correction comes before the outbreak to the new all-time here is his prediction

    2025-05-19
  • Learn

    Types of Blockchain Layers Explained: Layer 0, Layer 1, Layer 2 and Layer 3

    2025-05-16

    Token vs. Coin: Key Differences You Must Know as a Beginner

    2025-05-15

    Inside Changelly: 10 years of steadfast support and compliance

    2025-05-15

    What Is Proof-of-Work (PoW)?

    2025-05-12

    What Is Proof-of-Authority (PoA)?

    2025-05-10
  • Blog
  • Contact
    • Tech7685@gmail.com
Free Cryptocurrency – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
Home»Regulation»Banking giant pays $122,900,000 fine for helping Americans hide $5,600,000,000 in secret accounts
Banking giant pays $122,900,000 fine for helping Americans hide $5,600,000,000 in secret accounts
Regulation

Banking giant pays $122,900,000 fine for helping Americans hide $5,600,000,000 in secret accounts

2023-12-09No Comments2 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email

A private bank in Switzerland has agreed to pay a $122.9 million fine for helping wealthy U.S. citizens hide as much as $5.6 billion in assets.

According to the Justice Department, Banque Pictet & Cie allowed Americans to secretly hold billions of dollars in 1,637 bank accounts between 2008 and 2014.

Justice Department officials say the shady accounts protected customers from paying $50.6 million in taxes.

“Today, Banque Pictet et Cie admitted to actively helping U.S. taxpayers use encrypted accounts, foreign trusts and entities, nominated beneficiaries, and other deceptions to hide their income and assets abroad.

For this criminal conduct, the bank will pay nearly $122.9 million in restitution, fee waivers and a financial penalty, and is required to fully cooperate with any investigations related to these secret accounts.”

The fine will be used in part to pay taxes that the bank’s customers evaded and to claw back any profits the bank made on the accounts.

The company is working with the Justice Department and should also support future investigations into the people who hid their assets at the bank.

Banque Pictet et Cie is owned by The Pictet Group, which was founded in 1805 and has approximately $691 billion in assets.

The Pictet Group operates primarily in Switzerland, Luxembourg, Hong Kong, Singapore and the Bahamas and has two main business divisions: institutional asset management and private private banking.

Don’t miss a beat – Subscribe to receive email alerts straight to your inbox

Check price action

follow us on TweetFacebook and Telegram

Surf to the Daily Hodl mix

Generated image: Midjourney



Source link

See also  Crypto trading platform BitMEX pleads guilty to bank secrecy law violations
accounts Americans banking Fine Giant helping Hide Pays Secret
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

SEC chairman Atkins confirms the end of hard crypto enforcement, proposes a uniform framework

2025-05-19

Trump administration to beat bank rules designed to prevent collapse in 2008 style: report

2025-05-19

Mastermind Behind Sec Sim -exchange schedule sentenced to 14 months in prison for manipulating Bitcoin price

2025-05-18

Capital One pays $ 425,000,000 to customers after they have reportedly cheated customers from a higher return on bank balance

2025-05-18
Add A Comment

Comments are closed.

Top Posts

Silk Road Hacker Accidentally Showed FBI $70,000,000 Worth of Bitcoin on His Laptop Before Being Arrested: Report

2023-10-17

LUNC Stuns With 300% Gain, Can It Reach Its Previous ATH Market Cap?

2023-12-04

Did Chainlink just put an end to SIM swaps for good?

2024-02-15
Editors Picks

Galaxy predicts a massive 74% rise in Bitcoin in the post-ETF debut year

2023-10-25

Bitcoin ETFs have left XRP short of inflows – here’s how

2023-06-26

Celsius Network: This is why CEL skates on thin ice

2023-07-01

Bitcoin Traders, Miners Unite – Can BTC Rise 560%?

2025-01-23
About
About

Our mission is to develop a community of people who try to make financially sound decisions. The website strives to educate individuals in making wise choices about Cryptocurrencies, Defi, NFT, Metaverse and more.

We're social. Connect with us:

Facebook X (Twitter) Instagram Pinterest YouTube
Top Insights

Finish Bitcoin price inches in the direction of all time-can Momentum?

Only 5% will make it

SEC chairman Atkins confirms the end of hard crypto enforcement, proposes a uniform framework

Get Informed

Subscribe to Updates

Get the latest news and Update from Free.cc about Crypto, Metaverse, NFT and more.

  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • BitcoinPlatform.com
© 2025 Free.cc - All rights reserved. Contact: info@free.cc

Type above and press Enter to search. Press Esc to cancel.

  • bitcoinBitcoin(BTC)$105,249.960.49%
  • ethereumEthereum(ETH)$2,499.743.60%
  • tetherTether USDt(USDT)$1.00-0.01%
  • rippleXRP(XRP)$2.37-0.37%
  • binancecoinBNB(BNB)$649.570.88%
  • solanaSolana(SOL)$165.69-1.16%
  • usd-coinUSDC(USDC)$1.000.03%
  • dogecoinDogecoin(DOGE)$0.222567-0.63%
  • cardanoCardano(ADA)$0.74-0.01%
  • tronTRON(TRX)$0.2656840.15%
  • suiSui(SUI)$3.810.35%
  • chainlinkChainlink(LINK)$15.671.98%
  • avalanche-2Avalanche(AVAX)$22.02-1.33%
  • stellarStellar(XLM)$0.285439-0.35%
  • hyperliquidHyperliquid(HYPE)$26.30-0.35%
  • shiba-inuShiba Inu(SHIB)$0.000014-0.02%
  • hedera-hashgraphHedera(HBAR)$0.1919790.09%
  • unus-sed-leoUNUS SED LEO(LEO)$8.62-0.62%
  • bitcoin-cashBitcoin Cash(BCH)$391.08-1.55%
  • the-open-networkToncoin(TON)$3.01-2.92%
  • litecoinLitecoin(LTC)$98.250.18%
  • polkadotPolkadot(DOT)$4.57-1.37%
  • moneroMonero(XMR)$341.871.23%
  • bitget-tokenBitget Token(BGB)$5.180.90%
  • pepePepe(PEPE)$0.000013-0.10%
  • daiDai(DAI)$1.000.00%
  • piPi(PI)$0.73-1.21%
  • ethena-usdeEthena USDe(USDE)$1.00-0.02%
  • uniswapUniswap(UNI)$5.921.29%
  • aaveAave(AAVE)$238.567.26%
  • bittensorBittensor(TAO)$405.73-1.77%
  • nearNEAR Protocol(NEAR)$2.740.25%
  • aptosAptos(APT)$5.141.72%
  • okbOKB(OKB)$52.17-0.98%
  • ondo-financeOndo(ONDO)$0.920.13%
  • ethereum-classicEthereum Classic(ETC)$18.421.59%
  • kaspaKaspa(KAS)$0.106630-2.12%
  • internet-computerInternet Computer(ICP)$5.170.29%
  • gatechain-tokenGateToken(GT)$21.38-0.91%
  • official-trumpOFFICIAL TRUMP(TRUMP)$12.76-0.93%
  • crypto-com-chainCronos(CRO)$0.095616-1.65%
  • mantleMantle(MNT)$0.72-1.01%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.231329-1.52%
  • vechainVeChain(VET)$0.027847-0.71%
  • render-tokenRender(RENDER)$4.540.19%
  • usd1World Liberty Financial USD(USD1)$1.00-0.03%
  • ethenaEthena(ENA)$0.360187-3.08%
  • algorandAlgorand(ALGO)$0.2205950.41%
  • filecoinFilecoin(FIL)$2.840.46%
  • arbitrumArbitrum(ARB)$0.3880192.11%
  • bitcoinBitcoin(BTC)$105,249.960.49%
  • ethereumEthereum(ETH)$2,499.743.60%
  • tetherTether USDt(USDT)$1.00-0.01%
  • rippleXRP(XRP)$2.37-0.37%
  • binancecoinBNB(BNB)$649.570.88%
  • solanaSolana(SOL)$165.69-1.16%
  • usd-coinUSDC(USDC)$1.000.03%
  • dogecoinDogecoin(DOGE)$0.222567-0.63%
  • cardanoCardano(ADA)$0.74-0.01%
  • tronTRON(TRX)$0.2656840.15%
  • suiSui(SUI)$3.810.35%
  • chainlinkChainlink(LINK)$15.671.98%
  • avalanche-2Avalanche(AVAX)$22.02-1.33%
  • stellarStellar(XLM)$0.285439-0.35%
  • hyperliquidHyperliquid(HYPE)$26.30-0.35%
  • shiba-inuShiba Inu(SHIB)$0.000014-0.02%
  • hedera-hashgraphHedera(HBAR)$0.1919790.09%
  • unus-sed-leoUNUS SED LEO(LEO)$8.62-0.62%
  • bitcoin-cashBitcoin Cash(BCH)$391.08-1.55%
  • the-open-networkToncoin(TON)$3.01-2.92%
  • litecoinLitecoin(LTC)$98.250.18%
  • polkadotPolkadot(DOT)$4.57-1.37%
  • moneroMonero(XMR)$341.871.23%
  • bitget-tokenBitget Token(BGB)$5.180.90%
  • pepePepe(PEPE)$0.000013-0.10%
  • daiDai(DAI)$1.000.00%
  • piPi(PI)$0.73-1.21%
  • ethena-usdeEthena USDe(USDE)$1.00-0.02%
  • uniswapUniswap(UNI)$5.921.29%
  • aaveAave(AAVE)$238.567.26%
  • bittensorBittensor(TAO)$405.73-1.77%
  • nearNEAR Protocol(NEAR)$2.740.25%
  • aptosAptos(APT)$5.141.72%
  • okbOKB(OKB)$52.17-0.98%
  • ondo-financeOndo(ONDO)$0.920.13%
  • ethereum-classicEthereum Classic(ETC)$18.421.59%
  • kaspaKaspa(KAS)$0.106630-2.12%
  • internet-computerInternet Computer(ICP)$5.170.29%
  • gatechain-tokenGateToken(GT)$21.38-0.91%
  • official-trumpOFFICIAL TRUMP(TRUMP)$12.76-0.93%
  • crypto-com-chainCronos(CRO)$0.095616-1.65%
  • mantleMantle(MNT)$0.72-1.01%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.231329-1.52%
  • vechainVeChain(VET)$0.027847-0.71%
  • render-tokenRender(RENDER)$4.540.19%
  • usd1World Liberty Financial USD(USD1)$1.00-0.03%
  • ethenaEthena(ENA)$0.360187-3.08%
  • algorandAlgorand(ALGO)$0.2205950.41%
  • filecoinFilecoin(FIL)$2.840.46%
  • arbitrumArbitrum(ARB)$0.3880192.11%