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Senior US and European bankers will appear before US lawmakers later to defend themselves against claims that they helped to promote tax fraud.
The hearings come after a report from a US Senate sub-committee criticising overseas banks for allowing rich Americans to avoid paying taxes.
Swiss bank UBS and Liechtenstein bank LGT, owned by the principality's royal family, were singled out.
The report claims that secrecy laws cost the US $100bn (£50bn) a year.
It alleges that between 2006 and 2007, UBS - Switzerland's biggest bank - and LGT created complex offshore structures for their clients in which they could hide their assets from the Internal Revenue Service (IRS), which collects taxes for the US government.
UBS has an estimated $18bn in 19,000 undisclosed Swiss accounts for US customers, the report disclosed.
Article 1 Section 8 (The Powers of Congress), Clause 5:
To coin Money, regulate the Value thereof, and of foreign Coin, and fix the Standard of Weights and Measures;