In an effort to increase cooperation from Swiss banks with its tax evasion investigations, the U.S. Department of Justice, along with the Swiss Federal Department of Finance, announced a programme to offer non-prosecution agreements to Swiss banks who participate.  The programme, which is only available to banks that are not currently under criminal investigation, requires participants to pay substantial penalties, make a complete disclosure of cross-border activities, provide detailed information about accounts in which U.S. taxpayers have an interest, provide detailed information about other banks that transferred funds into “secret accounts”, and agree to close accounts if their holders fail to come into compliance with U.S. reporting obligations.