Published: Oct 22, 2010 3:37 PM EDT
Updated: Oct 22, 2010 12:37 PM EDT

MIAMI (AP) - U.S. prosecutors have dismissed the criminal tax evasion case against Swiss bank UBS AG, effectively taking the bank off probation after it paid a huge fine and agreed to turn over the names of thousands of suspected tax cheats.

Papers filed Friday in Fort Lauderdale federal court formally drop tax evasion conspiracy charges originally filed against UBS in February 2009. The charges were dropped after the bank met several conditions including paying a $780 million fine, disclosing names of about 250 possible tax dodgers and ending illegal activities in the U.S.

UBS agreed in a related case to divulge the names of 4,450 other possible tax cheaters. So far, 10 former UBS clients have been prosecuted for U.S. tax violations and dozens more are expected to be charged.