On June 9, 2015, the Department of Justice Tax Division announced it had reached resolution with two more banks in its Swiss Bank Program. Société Générale Private Banking will pay a $17.807 million penalty and Berner Kantonalbank AG will pay a $4.619 million penalty and both continue to cooperate with the Department of Justice. The Swiss Bank Program, which was announced on Aug. 29, 2013, provides a path for Swiss banks to resolve potential criminal liabilities in the United States where officers, employees, and others facilitated the concealment of foreign accounts belonging to US Taxpayers, leading to the evasion of their U.S. tax obligations. Click here for the Department of Justice’s full press release http://www.justice.gov/opa/pr/two-more-banks-reach-resolutions-under-justice-departments-swiss-bank-program-0