This post appeared on the RenounceUSCitizenship blog.
Basking in the glory of OVDP and the FBAR Fundraiser for Individuals:
The Department of Justice Announces OVDP for Banks!
DOJ announces new #OVDP program for Swiss banks that allowed US clients http://t.co/JM99xytMt7 – Banks pay fine based on % of deposits
— U.S. Citizen Abroad (@USCitizenAbroad) August 30, 2013
On August 30, 2013 the U.S. Department of Justice created a voluntary disclosure program for Swiss banks. It was clearly premised on the OVDP program for people. My post describing OVDP for banks ended with: