The US Department of Justice has extended the deadline by one month for Swiss banks suspected of aiding wealthy US citizens evade taxes to prove their clients were clean.
The banks now have until July 31 to turn over the necessary information.
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According to Reuters, the agency had extended the original June 30 deadline because some banks were having trouble verifying whether an account was undeclared or disclosed in a timely manner to the US Internal Revenue Service (IRS).
More than 100 Swiss banks have already joined the programme for what they are defining as category two banks.
The programme allows banks to admit faults and be fined without threat of prosecution.
Last month Credit Suisse became the largest bank in decades to plead guilty to a US criminal charge and agreed to pay over US$2.5 billion in penalties for helping Americans evade taxes.
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By GlobalData
