WSJ Interviews Scott Michel on U.S. Government Seeking Information from U.S. Banks
The Wall Street Journal spoke with Scott D. Michel concerning the U.S. government actively seeking offshore account information directly from U.S. banks using John Doe summonses. For the complete article, please visit The Wall Street Journal's website or this link.
Excerpt taken from the article.
Scott Michel, a lawyer at Caplin & Drysdale in Washington who has handled many offshore-account cases, says gathering information through John Doe summonses of correspondent accounts is likely to be efficient.
"The IRS is showing that it can tap vast data pools without having to worry about bank secrecy laws in other countries," he says.