Tag: tax evasion

Bank pays $5.6M in US non-prosecution deal

Bank pays $5.6M in US non-prosecution deal

| 04/08/2021 | 70 Comments

(CNS): Butterfield Bank has reached a non-prosecution financial deal with the United States Department of Justice to put to bed a long running criminal case regarding past allegations of facilitating tax evasion in the Cayman Islands. The bank has agreed to pay US$5.6 million in taxes and forfeiture to address the allegations relating to the […]

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