Credit Agricole Suisse pays $99.2 mln U.S. tax settlement

December 31, 2015 2:11 PM

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PARIS Dec 31 Credit Agricole's Swiss division said on Thursday it had paid a $99.2 million penalty to avoid prosecution for helping American clients evade taxes, under a deal with the U.S. Justice Department.

Credit Agricole Suisse was one of three banks that reached voluntary settlements under a U.S. programme requiring disclosure of cross-border activities that helped clients conceal assets from tax authorities.

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