REUTERS/ Swiss private bank Union Bancaire Privee ( UBP ) has agreed to pay over $ 187 m to avoid potential prosecution for helping wealthy US citizens avoid taxes , according to the US Department of Justice ( US ) , making it the latest bank to reach a resolution under the Swiss Bank Programme that uses Swiss bans to resolve potential criminal liabilities in the US .
Swiss private bank Union Bancaire Privee ( UBP ) has agreed to pay over $ 187 m to avoid potential prosecution for helping wealthy US citizens avoid taxes , according to the US Department of Justice ( US ) , making it the latest bank to reach a resolution under the Swiss Bank Programme that uses Swiss bans to resolve potential criminal liabilities in the US .