Wealth and Asset Management
UBS Hit With Record $125 Million Penalty Over Repeat Anti-Money Laundering Failures
UBS Wealth Management USA has agreed to pay $125 million in fines from four regulators over allegations of repeated and long-standing anti-money laundering deficiencies. The penalties include a $125 million fine from the Department of the Treasury’s Financial Crimes Enforcement Network, which called the action “historic” and the largest…
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