The U.S. prosecutor most responsible for piercing the veil of Swiss bank secrecy has joined the law firm of Miller & Chevalier, where he will focus on defending banks and other institutions involved in tax-related matters and controversies.
Kevin Downing, who resigned last week from the U.S. Department of Justice, said he expects to advise companies rather than individuals. Miller & Chevalier, based in Washington, D.C., has an extensive concentration in tax and international litigation.
Downing, 46, had led the Justice Department’s criminal probe of the Swiss banking industry. He oversaw the deferred-prosecution agreement sealed in 2005 with UBS AG, Switzerland’s largest bank, over charges that it sold tax-evasion services through its private bank to wealthy Americans.
Downing was not a political appointee to the department but is still banned from contact with former agency colleagues for one year. In an interview on Sunday, he said he expected part of his work to involve advising financial institutions on complying with the Foreign Account Tax Compliance Act, or FATCA.