Israel’s Bank Leumi Settles U.S. Tax Charges For $400M, Gives Depositor Names #GATCA

Bank Leumi is settling with U.S. prosecutors and with NY state in a deal that emulates the UBS settlement. It is yet another victory for IRS, DOJ and the country that brought FATCA to the world.

via Robert W. Wood – The Tax Lawyer – Forbes http://onforb.es/1AVoLhL