Pestalozzi advises Swiss banks on the US program for Swiss banks
Pestalozzi advised Swiss Banks on the US program for Swiss banks according to which banks in Switzerland are offered participation in a voluntary disclosure scheme whereby they provide information to the US Department of Justice, and, as the case may be, pay fines, in exchange for non-prosecution by the Department of Justice. Pestalozzi advised on of all aspects of the US program, including internal investigations, regularizations of clients, relations with Independent Examiner, instructions to the US lawyers and attendance to the DOJ hearings.