Israel’s largest bank admits to helping taxpayers use offshore accounts, facilitating FIFA conspiracy
Bank Hapoalim agrees to pay the United States more than $900 million in connection with the two cases.
The Treasury Department today announced that Bank Hapoalim, Israel’s largest bank, has agreed to pay the United States more than $900 million to resolve two high-profile cases.
First, the department announced that criminal charges had been filed against the bank for its participation in a conspiracy with US taxpayers and others to hide more than $7.6 billion in more than 5,500 secret Swiss and Israeli bank accounts and related income from the IRS.
