Private Swiss Bank Reveals US DOJ Investigation

Law360, New York (September 11, 2013, 2:04 PM EDT) -- The U.S. Department of Justice has opened an investigation into Swiss private bank Rahn & Bodmer Co.'s relationships with American clients as it continues its push to track down U.S. citizens who are using foreign bank accounts to evade taxes, the bank confirmed Wednesday.

Christian Rahn, a partner with Rahn & Bodmer, said in an email to Law360 that the Justice Department had opened the probe, believed to bring the number of Swiss banks under investigation to 14, but was unclear as to what investigators were...
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