US DoJ ANNOUNCES ADDENDUM TO NON-PROSECUTION AGREEMENT WITH SWISS BANK, LOMBARD ODIER & CO LIMITED

On 31st July, a news release on Mondo Visione from the DoJ reported that it had agreed an addendum to the NPA from December 2015 – the DoJ had entered into NPA with 80 banks between March 2015 and January 2016 under the Swiss Bank program.  Now Lombard Odier has acknowledged that there were certain additional US-related accounts that it knew about, or should have known about, but that were not disclosed to the DoJ at the time of the signing of the NPA.  Lombard Odier will pay to the DoJ an additional $5,300,000, and will provide to the DoJ supplemental information regarding its US-related account population, which now includes 88 additional accounts.

http://www.mondovisione.com/media-and-resources/news/us-justice-department-announces-addendum-to-swiss-bank-program-category-2-non-pr/

Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

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