UBS Group agreed to pay $511 million to settle a yearslong U.S. probe into violations by Credit Suisse of an earlier agreement with the Justice Department over American clients who evaded taxes.

The Swiss bank, which acquired Credit Suisse in 2023, and the Justice Department said Monday that Credit Suisse Services AG pleaded guilty to tax crimes and entered into a separate nonprosecution agreement related to conduct in Singapore on behalf of U.S. taxpayers.