UBS to restrict U.S. offshore account access: source
June 30th, 2009
Reuters
ZURICH (Reuters) – U.S. clients of Swiss bank UBS will not be able to access secret accounts from July 1 unless they transfer the money onshore or close the account, a source familiar with the situation told Reuters on Tuesday.
With the move UBS is seeking to speed up its withdrawal from a controversial offshore business for U.S. clients, which is at the center of a U.S. tax row.
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