On 19th July, a release on Mondo Visione from the US DoJ announced that it had signed an addendum to a non-prosecution agreement with Banque Bonhôte & Cie SA, Ltd under the Swiss Bank Program. The original non-prosecution agreement was signed in 2015. At that time, Bonhôte reported that it held and managed 63 US-related accounts, with assets under management exceeding $88 million, and paid a penalty of $624,000. Under the new agreement, Bonhôte acknowledges it should have disclosed additional US-related accounts to the DoJ at the time of the signing of the original non-prosecution agreement. The Swiss Bank Program of 2013 provided a path for Swiss banks to resolve potential criminal liabilities in the US relating to offshore banking services provided to US taxpayers.
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