Wegelin & Co, the oldest Swiss private bank, was sentenced Monday to pay $57.85 million after it admitted it helped wealthy Americans evade taxes.

The sum ordered by District Judge Jed Rakoff in New York was on top of $16.3 million in forfeitures already obtained by authorities after the federal government accused Wegelin of conspiring to assisting U.S. tax payers hide $1.2 billion in secret Swiss bank accounts.

The bank pleaded guilty to a charge of conspiracy in January.

Rakoff imposed a $22.05 million fine and ordered $20 million in restitution. He also entered an order finalizing $15.8 million in forfeitures, which he preliminarily approved at the time of the guilty plea.

(Reporting by Nate Raymond in New York; Editing by Gary Hill)