U.S. cutbacks could impact investigation of Swiss banks

The U.S. Justice Department is denying that a recent—and temporary—transfer of almost one third of its tax prosecutors will compromise its international enforcement efforts, but some Washington insiders tell us that the efforts targeting Swiss banks will be significantly impacted during the six months they are away from their desks. Some of the key attorneys who have been digging into the activities of at least 21 Swiss banks are being hived out to support cash-strapped local U.S. attorneys offices around the country. WRS’s Daniel Ryntjes reports: