The Department of Justice signed an Addendum to a non-prosecution agreement with Coutts & Co Ltd., a private Swiss bank headquartered in Zurich. The original non-prosecution agreement was signed on Dec. 23, 2015. At that time, Coutts reported that it held and managed 1,337 U.S. Related accounts, with assets under management exceeding $2 billion, and paid a penalty of $78,484,000. In reaching he new agreement, Coutts acknowledged that it should have disclosed additional U.S.-related accounts to the Department at the time of the signing of the non-prosecution agreement. The bank agreed to pay an additional penalty of $27.9 million. For more info visit https://www.justice.gov/opa/pr/justice-department-announces-addendum-swiss-bank-program-category-2-non-prosecution-agreeme-1