Since 2007, American prosecutors have charged more than four dozen American clients of Swiss banks, including UBS and Credit Suisse and nearly three dozen foreign bankers, lawyers and financial intermediaries involved with secret offshore accounts have been indicted.

Since 2009 The IRS has sponsored offshore voluntary disclosure programs that HAS brought in at least $6.5 billion in interest, taxes and penalties and prompted more than 45,000 Americans to reveal offshore holdings.

In 2012, the Justice Department indicted Switzerland’s oldest private bank, Wegelin & Co., in 2013, shuttering it for good.

Between 2008 – 2014 –  More than 38,000 wealthy American clients of Swiss banks have voluntarily come forward to pay more than $5.5 billion on hidden assets.