FinCEN assesses $125M penalty against UBS
UBS must work with third party on remediation, independent review of AML program
The U.S. Department of the Treasury’s Financial Crimes Enforcement Network has assessed a $125 million penalty against UBS Financial Services for repeatedly violating anti-money laundering rules. The penalty, which UBS has agreed to pay, brings an end to this matter, a UBS spokesperson told FinAi News, adding that the company has cooperated with regulators and […]
