A prosecutor for the city of Bochum in western Germany, Bernd Bieniossek, reportedly said the proceedings against the bank for its alleged part in aiding wealthy Germans to evade taxes using Liechtenstein accounts had been suspended, and would be closed upon payment of the fine.

According to the report, the bank will pay €46 million, with some of its employees responsible for the remainder of the settlement.

The high-profile tax probe was prompted by leaked data from LGT Group, which is owned by the principality’s ruling family, which Germany purchased from a former employee of the bank.