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US plans to pursue UBS account holders

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US plans to pursue UBS account holders

US plans to pursue UBS account holders
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The US Justice Department is pressing ahead with plans to force the Swiss bank UBS – the world’s largest manager of private wealth assets – to identify thousands of American clients with secret accounts.

In a brief filed in a Florida law court, the Department said it was seeking to enforce tax compliance – including the disclosure of offshore accounts – with the full weight of US law.