I’ve been keeping an eye on this one for a while now, but (as with most big lawsuits, especially international ones) it’s been moving at a rather glacial pace. However, it seems as if the U.S. government has finally settled with Swiss banking giant U.B.S. in a deal which will have U.B.S. revealing the names and details of up to 52,000 account-holders. U.S. law specifically prohibits either shielding profits or money-laundering in offshore accounts.
Gonna be very interesting to see who’s on this list. I’m guessing more than a few of these names will have tie-ins to the political world, probably on both sides.