Business Leap Frontier

UBS bank in Switzerland recently has refused to provide the names of any more US clients to the American government. It is a diversified worldwide financial services company. The bank is the world’s largest manager of private wealth assets. Its main headquarter situated in Basel and Zurich. The authority say as UBS has accepted responsibility for helping thousands of US citizens hide assets; so, the secret accounts with the bank will be maintained. The bank has a major presence in the USA, with its US headquarters located in New York City.

UBS officials told the US administration that the bank has done every thing it can for now, without breaking Swiss criminal laws. They say they have taken corrective measures to comply with world authorities. Already the Internal Revenue Service in the USA has been handed the names of around 300 UBS clients, but the IRS still wants the identities of as many as 52,000 wealthy US citizens.