EconomyUBS to Pay $125 Million Over Anti-Money Laundering Violations
UBS Financial Services Inc., a subsidiary of UBS Group AG, has agreed to pay $125 million in fines. The payment settles allegations brought by the US government. Authorities accused the company of willfully and repeatedly violating anti-money laundering rules. The case centers on compliance failures at the financial-services subsidiary.
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UBS to Pay $125 Million Over Anti-Money Laundering Violations
Economy