Zurich Life, Zurich Int'l Life to pay US$5.1m to U.S. gov't in 'undeclared accounts' agreement
Zurich Life Insurance Company Ltd., headquartered in Zurich, Switzerland, and Isle of Man-based Zurich International Life Ltd. have agreed a deal with the U.S. Justice Department that will see the entities pay a collective penalty of US$5.1m, in return for the Justice Department's agreeing not to prosecute them in connection with certain "tax-related criminal offenses" having to do with some of their U.S. tax-paying clients.