Absolutely. I disagree a bit with my colleague Mr. Sohmer. I do think that bank secrecy--at least for Americans--is becoming a thing of the past. In addition to these efforts by the joint task force, you now have a whistle-blower office in the Internal Revenue Service that encourages people--bankers--to come forward anonymously and provide data in exchange for a reward. So you have the international cooperation, you have whistle-blowers, and you have increasingly aggressive enforcement.
In the United States, a new piece of legislation called the Foreign Account Tax Compliance Act, or FATCA, as it's known, was just adopted. That, in my view, will eliminate bank secrecy for Americans around the world. So I think the trend--at least for American account holders--is that bank secrecy is waning, and that's why an effective voluntary disclosure policy is at least necessary to encourage people to come in and clean up their affairs.