Updated

Updated · Bloomberg · Aug 4

UBS Unit Pays $125 Million to Settle US Anti-Money Laundering Violations

Updated

Updated · Bloomberg · Aug 4

UBS Unit Pays $125 Million to Settle US Anti-Money Laundering Violations

3 articles · Updated · Bloomberg · Aug 4

$125 million is what UBS Financial Services agreed to pay to resolve US allegations that it willfully and repeatedly violated anti-money laundering rules.
FinCEN said the case involved Bank Secrecy Act violations, making it the Treasury unit's largest-ever fine against a broker-dealer for that offense.
The penalty also marks FinCEN's second enforcement action against UBS's brokerage, underscoring repeated regulatory scrutiny of the business.

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Bloomberg17d ago

UBS Financial Services Fined $125 Million for Anti-Money Laundering Violations

blue News | Romandie17d ago

UBS Fined $125 Million for Money-Laundering Violations

Tech Times17d ago

FinCEN Hits UBS With Record $125M Fine for Repeat AML Monitoring Failures

Will a record $125 million penalty finally force UBS to fix its money laundering controls, or is it just a cost of doing business?

After ignoring a prior warning, how did UBS manage to let $10 billion in high-risk foreign transfers slip through undetected for years?

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13 total

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Center33%

Right33%

Bloomberg17d ago

UBS Financial Services Fined $125 Million for Anti-Money Laundering Violations

blue News | Romandie17d ago

UBS Fined $125 Million for Money-Laundering Violations

Tech Times17d ago

FinCEN Hits UBS With Record $125M Fine for Repeat AML Monitoring Failures

Show all 13 sources

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