News & Events

HSBC India has mandated that all ties with U.S. Clients and anyone associated with U.S. persons are to be severed!

Credit Suisse is in negotiations with the U.S. Department of Justice in order to avoid the same penalties that UBS had to endure in 2009. Kevin E. Thorn believes there is a high likelihood of undisclosed foreign account older names being disclosed because of these developments.

Credit Suisse receives formal letter from the U.S. Department of Justice for improper offshore banking practices.

U.S. government agencies and European banks are currently working on an agreement, known as the Global Resolution, to put an end to U.S. tax evasion. Thorn believes the agreement will lead the way to the release of further U.S. taxpayers’ names to the U.S. government, which will continue the on-going criminal investigations.

Kevin E. Thorn, of Thorn Law Group, encourages U.S. taxpayers with undisclosed offshore accounts to come forward through the IRS Voluntary Disclosure Program of 2011.