SWISS LIFE CONSPIRED WITH US TAXPAYERS TO HIDE USD1.452 BILLION, SAYS DOJ
May 1st, 2021
Switzerland’s largest insurance company, Swiss Life, and its subsidiaries in Luxembourg, Liechtenstein and Singapore have admitted to conspiring with US taxpayers and others to hide a total USD1.452 billion in offshore accounts, the US Department of Justice (DOJ) said on May 14. Under a three-year deferred prosecution agreement (DPA), Zurich-based Swiss Life Holding, Swiss Life (Liechtenstein), Swiss Life (Singapore), and Swiss Life (Luxembourg) – collectively named in the ruling as the ‘Swiss Life Entities’ - will pay the DOJ a total USD77,374,337 ...
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