Italy investigates over Credit Suisse unnamed bank accounts

The Italian Tax Agency Revenue compiled a list of possible tax evaders. After 750 Italian papers identified in Panama, there's other special surveillance: 3,500 Credit Suisse clients who signed life insurance policies (known as polizza mantello in italian) and numbered bank accounts.

Rossella Orlandi, Director of the Agency, has announced on Thursday to send very soon to Swtizerland collective requests for taxpayers who didn't seize the opportunity offered by the first voluntary disclosure and didn't comply with the tax authorities.

The Agency and the Financial Police identified 3,500 holders of those policies. The assets held under those instruments amounted to 1.4 billion euro. Now the IRS will verify which of these did not join the voluntary disclosure. "The results, though partial," Orlandi said, "amount to approximately €170 million paid by way of taxes, interest and penalties. In the coming months, she added, "the control will continue through specific requests for cooperation with foreign tax authorities."