Swiss bankers whose names were delivered to the United States in April as part of the crackdown on US tax evaders face the risk of arrest while travelling in some European countries, not just on US soil.

Extradition treaties between the US and countries including France, Germany, Italy, Austria and Britain make it possible for the US to take legal steps via Interpol against bankers suspected of helping US citizens evade taxes, Denise Chervet, central secretary of the Swiss Bank Employees Association told the Swiss News Agency.

“If the US issues an arrest warrant via Interpol, the employee targeted could be arrested in any country with which Washington has an extradition treaty, and where the alleged offences are also punishable,” Chervet said.

Around 10,000 employees of 11 banks under investigation by US authorities could be affected by potential travel restrictions.

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The US government has a big stick!

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That is devastating! how could the CH government do such a thing? I thought the CH was about protecting its citizens - in this case - employees doing a job. What are the US trying to achieve?

Imagine you are a US citizen working in Switzerland for one of the Swiss banks and on the list: you have to pay taxes in the US because of your work in Switzerland but can't enter the home country because of your work in Switzerland.

US govt. must have done some serious arm twisting or the Swiss govt. has lost the plot.

Another disturbing thing is about family members:

Asylum options might be on the table for American employees in the Banking sector in CH being unable to return home whilst being abroad.

( Refugee sur place ) - might exempt the refugee on FBAR and FATCA.

Disgusting

The Local has a related article here:

quizzing children of the bankers is absolutely disgusting
but I guess US is in its rights to get the bankers who helped its citizens evade the tax.

one way to increase spending and vacations in Switzerland...

I wouldn't count on that

Not sure about the other countries but the new (ish) US/UK extradition treaty doesn't even require it to be a crime in the UK.

So if you are a Brit living here permanently can Uncle Sam haul your ass from here too or only if you visit UK?

This shows well that the government cares more about the interests of big business (essentially banks and big pharma) than those of its citizens. Partly because big business finances right-wing political parties, without any transparency. It is highly likely that Mrs Widmer-Schlumpf gets her fair share...

This shows well that you have no f-word idea what you are talking about.

Do you know what it means for a bank to be indicted (not convicted, indicted) in federal court? It is the end - the US correspondent will block its USD accounts and the bank is dead.

For all the populistic posturing like the above, there is exactly jack sh!t the government could do.

Maybe Switzerland will lose its patience and not allow US citizens to reside here anymore... Us "poor" normal people again have to pay for the tax dodging schemes of those that have, and always will have, as they will always find a way to keep their share...oh well...

I think that's poorly worded; we "poor" normal people will not have to pay because of the tax dodgers, but rather because of the media-hungry politicians who want to be seen doing something against the supposed plethora of tax dodgers.

The political art of misdirection is at work; but we can minimize their success by assigning blame where blame is due.

So anyone on this list can potentially be extradited to the US, even if they are swiss citizens? is that correct?

Here is the direct link to the Tribune de Geneve article (french only) about the 2 children of a swiss banker being interrogated for 6 hours by US customs.

http://www.tdg.ch/economie/Les-deux-...story/22374928


There has been some action though and push back by a new group of Swiss, who have formed an association, Swiss Respect, to reinforce Swiss rights in banking and bilateral deals, etc.. Here is there website

http://www.swissrespect.ch/

And here is an interview with one of them on WRS yesterday.

http://worldradio.ch/wrs/news/switze...ls.shtml?31862

The way I understand it is yes, if they were on the list before being granted Swiss citizenship.. For "natives" the US can go take a running jump.

You have no f-word idea what you are talking about either!!!

Do you know what it means for a bank employees to have its name given to foreign authorities like a criminal?