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Home>Bank Leumi Settles Tax Evasion Allegations

Bank Leumi Settles Tax Evasion Allegations

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Tue, 23 Dec 2014

Israel-based Bank Leumi agreed to pay $400 million to U.S. and New York authorities on Monday and admitted to conspiring to help U.S. taxpayers avoid taxes by stashing assets in offshore accounts with the bank. The bank resolved the tax-evasion allegations in separate settlements with the U.S.
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