Speaking on her departure, U.S. Attorney General Eric Holder said, "As a result of her determined efforts, her exceptional judgment, and the tireless work of her colleagues across the division -- and their partners nationwide -- the Tax Division has secured historic gains in our fight to protect the American people from tax fraud and financial misconduct and to hold accountable any individual, bank or other institution that violates our tax laws."
Holder further added, "I will miss her wise counsel and her tireless commitment to the mission we share."
As a result of Keneally's efforts more than 100 banks which were previously not subjects of investigation, came forth to offer important information to U.S. law enforcement officials. Wegelin, the oldest bank in Switzerland pleaded guilty in January 2013 to felony tax charges. The guilty plea by Credit Suisse, the second largest bank in Switzerland was announced by the DOJ this May. Credit Suisse's settlement involved the highest-ever payment in a criminal tax case.
Keneally assumed the post of Assistant Attorney General for the Tax Division on April 6, 2012. Earlier, she practiced law in New York City, representing individuals and businesses before the Internal Revenue Service and the Department of Justice in criminal and civil tax cases. She also appeared and tried cases in the federal district and appellate courts, and in the U.S. Tax Court.
Keneally had also served as the chair of the ABA Section of Taxation's Committees on Civil and Criminal Tax Penalties and Standards of Tax Practice, and was a vice chair of the Section of Taxation.
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