Another Catch-22 For Swiss Accountholders

January 12, 2012  |  New York Law Journal

This article addresses the requirement, set forth in 18 U.S.C. § 3506, that U.S. citizens challenging the government's efforts to obtain evidence abroad provide copies of their foreign filings to the Department of Justice. In light of the government's focus on getting records from Swiss banks, the requirements of section 3506, and the possible sanctions for non-compliance, are important considerations for both clients and defense counsel.

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