Israeli Bank To Pay $874M For Helping Hide $7.6B From IRS

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Law360 (April 30, 2020, 5:39 PM EDT) — Bank Hapoalim, Israel’s largest bank, has pled guilty in a Manhattan federal court to helping U.S. clients attempt to hide roughly $7.6 billion from the IRS and will pay over $874 million for its role, the DOJ announced Thursday.