This exchange of information could give U.S. agencies evidence to open criminal investigations against U.S. taxpayers with undisclosed offshore banks accounts.

India-American charged for evading taxes through the HSBC India branch!

Rumor has it that the agency has strong evidence against the banks in regards to conduct and/or information concerning taxpayers with undisclosed offshore accounts.

But Taxpayers with Undisclosed Offshore Accounts can still come forward and limit their civil and criminal exposure!

Offshore Voluntary Disclosure Initiative (OVDI) deadline for entering the “amnesty” program is Friday, September 9, 2011!