Credit Suisse starts whistleblowing site

Credit Suisse starts whistleblowing site – CS-top lawyer Cerutti operates as US lackey – and requests total disclosure from 1993 onwards.

USA instigates CS Bankers to complete disclosure

Credit Suisse is much more involved than expected in Voluntary Disclosure Program of the United States than previously expected. A new `whistle-blowing website` and the latest internal e-mail of top CS-lawyers Romeo Cerutti show this. Last week. Cerutti informed the global CS employees via e-mail about this brand new „Monitor“. This turned out to be now a CS-whistleblowing site. If you visit the following link you will have direct access to make an `anonymous` disclosure of high sensitive information.

https://creditsuissemonitor.org/index.php

„Welcome to the Whistleblower Reporting platform of the monitor of Credit Suisse,“ reads the greeting on the landing page. Behind this is the infamous CS supervisor Neil Barofsky together with his American law firm “Jenner & Block LLP”.

Immediate action required

“ Through this website you can safely and confidentially report to the independent monitor of Credit Suisse,“ advertises the newly created website, which can be accessed in English, French and Italian.

„If you have knowledge of illegal banking or securities services to US account holders, such as services in relation with the opening and maintenance of accounts for US citizens to evade US taxes, you can do so via the report link to this page“ calls Barofsky animates current CS Bankers and other people to disclosure of secrets.

Barofsky mainly aims at current and former employees of Credit Suisse. As part of the debt deal of CS in their recent US tax case, he wants former and current CS bankers to tell him what he possibly does not know yet, despite its far-reaching investigations so far.


„We are grateful for every information we get. Regardless whether they concern past or ongoing matters and whether they relate to the evasion of US tax by Swiss banks, or any other topic that might be of interest to the US tax authorities in your opinion“ writes Barofsky on behalf of his law firm.

He continues: „It may be that you have information that we cannot access by any other means. This information could be relevant and extremely crucial. “

It should be for a good purpose. „With your message, you may contribute to future compliance with laws and regulations by Credit Suisse.“

The latest actions of the so-called US watchdog over the CS in Switzerland is explosive. It shows that the Swiss bank can no longer make any step without having previously reinsured the New York investigators about their actions.

Last week, CS Senior lawyer Romeo Cerutti sent out an email to the worldwide staff of the bank which clearly represents the global extent of this website. The US law firm is currently checking all at the „time of the misconduct, applicable compliance programs, policies and procedures“. In other words. They are looking for responsible personal within the banking system. Rather disclosing `voluntarily` any personal misconduct now, the being caught later by this investigation. So everything that Cerutti and also before his time, the current CS-Chairman Urs Rohner, who was 2004-2009 the chief lawyer of the bank, were responsible.

Unconditional surrender to the arbitrariness of the US Tax authorities

It is about „US tax and securities laws and the elements of our corporate governance structure that may have contributed to the wrongdoing and the participation of individuals in this malpractice,“ Cerutti elaborates further in his mail to the staff. The CS-top-lawyer, who had to surrender, along with three other top managers of the bank, to the US Senator Carl Levin in February 2014, calls for total cooperation with the US authorities.

„The success of the review will depend on all levels of the bank, including senior management and we ask for your full support so that the constructive and cooperative relationship that we have established with the US authorities can be maintained“. How the once confident Swiss financial Multi is performed on a short leash by the Americans shows a part at the end of Ceruttis email.

„Important: We ask all employees, until further notice, to keep safe all their information, data and records in connection with the US cross-border business and US tax matters from 1993 onwards“, dictates the General Counsel at the end of his email. In simple words, this paragraph corresponds to a storage obligation for the past 22 years, far more than the usual 10 years, which generally apply in banking law as a standard.

Whistleblowing-page, hotline for anonymous disclosure of secrets, strict emails by the banks top lawyers, practically „eternal“ data storage – all by direct order from overseas. It shows that, in the eyes of the United States, the CS has become, after her admission of guilt in the latest tax scandal, to a high criminal organization. The US tax authorities are convinced that you have to constantly look at the fingers of the bank. This verdict reads very very clearly “No more trust!”. Does this have an impact to other Swiss banks?

On his knees, Cerutti asks all CS people to join his campaign

„Thank you for your cooperation in this important review and for your ongoing commitment to carry out your daily business with integrity and in compliance with the highest professional standards,“ he concludes in the mail. On request it was said that the CS is now impatiently waiting for the results of their whistleblowing website. The banks main goal is now to become „a fully tax compliant bank, even the leader in the industry for compliance programs“.

If you have a secret Swiss bank account with Credit Suisse, but also with any other bank in Switzerland and you now fear that your trusted bank will disclose your undeclared funds and assets to the US tax authorities to `safe his own skin` don’t wait until it is to late. Take your money out of the bank before the bank takes your money out of you. Call now. Enzo Caputo, experiences Swiss banking lawyer can help you with tailor-made an expert legal advice.

http://www.swiss-banking-lawyers.com