5 US Banks Ordered To Deliver Docs On Foreign Accounts

Law360, New York (November 13, 2013, 6:01 PM EST) -- A New York court has ordered Bank of New York Mellon, Bank of America, Citibank, HSBC Bank USA, and JPMorgan Chase Bank to turn over records that may reveal the identities of U.S. citizens who have been evading taxes by stashing their money in foreign bank accounts, the U.S. Attorneys Office said Tuesday.

The Internal Revenue Service has been given authorization to serve John Doe summons on the five U.S. banks that will require them to hand over information on client accounts connected to Swiss bank...
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