Coutts & Co to pay additional $27.9 million under U.S. agreement
WASHINGTON (Reuters) - Swiss bank Coutts & Co Ltd will pay an additional $27.9 million under an addendum to a 2015 non-prosecution agreement, the U.S. Justice Department said on Friday. The new payment comes after the Swiss bank paid a $78.4 million penalty under the original non-prosecution agreement signed on Dec
WASHINGTON (Reuters) - Swiss bank Coutts & Co Ltd will pay an additional $27.9 million under an addendum to a 2015 non-prosecution agreement, the U.S. Justice Department said on Friday.
The new payment comes after the Swiss bank paid a $78.4 million penalty under the original non-prosecution agreement signed on Dec. 23, 2015. In the new agreement, Coutts acknowledged it should have disclosed additional U.S.-related accounts at that time, the department said in a statement.
(Reporting by Doina Chiacu; Editing by Lisa Lambert)
This story has not been edited by Firstpost staff and is generated by auto-feed.
Find latest and upcoming tech gadgets online on Tech2 Gadgets. Get technology news, gadgets reviews & ratings. Popular gadgets including laptop, tablet and mobile specifications, features, prices, comparison.
also read
Turkey, Greece to resume suspended talks over disputed waters on Jan. 25
By Tuvan Gumrukcu and Renee Maltezou ANKARA/ATHENS (Reuters) - Turkey and Greece will resume long-suspended exploratory talks over territorial claims in the Mediterranean Sea that brought them close to conflict last year, on Jan.
U.S. House likely to consider Trump impeachment on Wednesday
By Susan Cornwell and Richard Cowan WASHINGTON (Reuters) - The U.S. House of Representatives expects to begin considering a second impeachment of Donald Trump on Wednesday, a top Democrat said on Monday after the president was formally accused of inciting insurrection ahead of last week's storming of the Capitol
Exclusive: Pentagon presses ahead with Afghanistan troop drawdown despite law barring it
By Jonathan Landay and Idrees Ali WASHINGTON (Reuters) - The U.S. military has not halted a U.S