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The Nexus
BUSINESSMay 7 · 07:55 UTCBLOOMBERGGaspard Sebag, Harry Wilson

UBS Fined €6 Million by Monaco Over Repeated Dirty Money Failures

UBS Group AG has been fined €6 million by Monaco for repeated failures in preventing dirty money laundering. The fine is a result of the bank's inability to properly monitor and report suspicious transactions. UBS Group AG is a global financial institution headquartered in Zurich.

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