Private Banking service Piguet Galland & Cie SA agreed to pay $15.4 million to avoid U.S. prosecution. In addition to the settlement, Piguet Galland will also continue to cooperate with the Department of Justice to see how the Swiss bank and others helped Americans dodge taxes through loopholes and havens.

With the settlement, the private bank joins 42 others in reaching similar settlements this year. In lieu of prosecution, the U.S. has collected $380.3 million in penalty payouts. For a detailed layout of the penalties paid by the Swiss Banks, see the graph below from Bloomberg.

For Piguet Galland, its settlement stems from its maintaining of over 300 U.S. accounts from five states that either knowingly or unknowingly aided the accounts