Wealth and Asset Management
UBS Agrees to Pay $15 Million Over Money Laundering Lapses (1)
A UBS Group AG brokerage unit agreed to pay $15 million to settle allegations from U.S. regulators that it failed to establish and implement appropriate controls to prevent money laundering. UBS Securities LLC lacked a reasonably designed compliance program to spot suspicious transactions tied to non-resident accounts at a San…
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Click here to read the full story: Bloomberg Law