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The Nexus
BUSINESSAug 4 · 12:20 UTCQUARTZCris Tolomia

UBS was fined a record $125 million for repeated money laundering failures

UBS was fined $125 million for repeated money laundering failures, marking the largest penalty under the Bank Secrecy Act for a broker-dealer. This is the second enforcement action by FinCEN against the firm.

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UBSorganizationFinCENorganizationBank Secrecy Acttopicmoney launderingtopic
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UBS was fined a record $125 million for repeated money laundering failures · The Nexus