WASHINGTON - The Treasury Department says 77,000 foreign banks have agreed to share information about U.S. account holders as part of a crackdown on offshore tax evasion.
The list released Monday includes 515 Russian financial institutions. Russian banks had to apply directly to the Internal Revenue Service because the U.S. broke off negotiations with Russia over an information-sharing agreement because of Russia's actions in Ukraine.
Nearly 70 countries have agreed to share information from all their banks as part of a U.S. law that targets Americans hiding assets overseas.
Under the law, foreign banks that don't agree to share information with the IRS face steep penalties when doing business in the U.S.
Brown family blasts prosecutor; Wilson speaks
Attorneys for Michael Brown's family vowed Tuesday to push for federal charges against the police officer who killed the unarmed 18-year-old,…
China builds island outpost
China is challenging the U.S. and its allies in the south Pacific with a manmade island meant to serve as a military post.
Russia criticizes U.S. for Ferguson protests
Russian media and government officials put their focus on Ferguson, saying the protests are payback for America's part in the Russia-Ukraine conflict.
Houston-area family rescues dog with jug on head
A stray puppy with a plastic jug stuck on his head has been rescued - and freed from his headpiece.
ISIS might be feeling pinch of lower oil prices
ISIS' so-called caliphate is heavily reliant on black-market oil. With global prices falling, the terrorist group has had to adapt.
Celebrities react to Ferguson decision
Celebrities expressed sadness, frustration and disappointment across social media Monday after a grand jury in Missouri declined to bring…