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US Treasury calls on banks to aid tax evasion fight

US Treasury official David Cohen testifies in a Senate hearing on May 15, 2013 in Washington, DC. Cohen called on banks Thursday to find out who owns and benefits from their client companies, as an effort to crack down on tax evasion and money laundering A top US Treasury official Thursday called on banks to find out who owns and benefits from their client companies, as an effort to crack down on tax evasion and money laundering grows.