{"id":46084,"date":"2013-01-08T08:17:33","date_gmt":"2013-01-08T08:17:33","guid":{"rendered":"https:\/\/armbanks.am\/2013\/01\/08\/237306\/"},"modified":"2024-12-15T13:01:50","modified_gmt":"2024-12-15T13:01:50","slug":"oldest-swiss-private-bank-wegelin-pleaded-guilty-in-u-s-tax-probe","status":"publish","type":"post","link":"https:\/\/armbanks.am\/en\/2013\/01\/08\/46084\/","title":{"rendered":"Oldest Swiss private bank Wegelin &#038; Co.closes; pleaded guilty in U.S. tax probe"},"content":{"rendered":"<p><strong>YEREVAN, January 8. \/ARKA\/.<\/strong> Wegelin &amp; Co., the oldest Swiss private bank, said on Thursday it would shut its doors permanently after pleading to a criminal conspiracy charge in the U.S. and admitting that it had helped wealthy Americans for years avoid tens of millions of dollars in taxes, BBC reports.<\/p>\n<p>In the latest blow to Switzerland&#8217;s centuries-old banking secrecy laws, Wegelin became the latest bank on Thursday to reach a deal with U.S. prosecutors as they continue a crackdown on offshore banks suspected of helping American evade taxes.<\/p>\n<p>As part of the deal, Switzerland&#8217;s oldest private bank will pay as much as $74 million in penalties to US authorities and has said it &#8220;will cease to operate as a bank&#8221; once the case wraps up.\u20140-<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Wegelin &#038; Co., the oldest Swiss private bank, said on Thursday it would shut its doors permanently after pleading to a criminal conspiracy charge in the U.S. and admitting that it had helped wealthy Americans for years avoid tens of millions of dollars in taxes, BBC reports<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":"","tstyn_error":""},"categories":[9214,9216],"tags":[15418,12211,13312,309],"class_list":{"0":"post-46084","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-banks-en-en","7":"category-news","8":"tag-bank-en-2","9":"tag-capital","10":"tag-swiss","11":"tag-309"},"acf":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts\/46084","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/comments?post=46084"}],"version-history":[{"count":0,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts\/46084\/revisions"}],"wp:attachment":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/media?parent=46084"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/categories?post=46084"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/tags?post=46084"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}