Release Paris, 23 December 2013
Paris Orleans' Swiss private bank to participate in US Program as a category 2 institution
Paris Orleans announces that its Swiss Private banking business, Rothschild Bank AG, will participate as a category 2 institution in the US Program.
The Program allows qualifying Swiss banks to reach agreement with the U.S. Department of Justice on a resolution of their status in connection with any potential liability for U.S. tax related or monetary transactions offences arising out of the past servicing of U.S. clients with undeclared Swiss accounts.
About Paris Orléans, the parent company of Rothschild
Paris Orléans operates in the following areas: