Weil's indictment in November 2008 was a landmark in efforts by U.S. authorities to clamp down on the alleged use of offshore Swiss bank accounts by tax dodgers.
In early 2009, UBS, the world's biggest wealth manager, agreed to pay a fine of $780 million euros to settle a tax fraud dispute with the United States. The deal also involved UBS passing on thousands of client names to U.S. authorities, a breach of Switzerland's treasured bank secrecy traditions