Swiss UBS bank to pay € 1,8 billion fine for “facilitation of tax evasion and money laundering”

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The appeal court in Paris has confirmed that the Swiss UBS banking group is guilty of having facilitated tax evasion and money laundering in France, and on that basis the banking group was issued a €5,625 million fine plus confiscation of €1 billion and damages in the sum of €800 millions.

Read the December 2021 judgement here

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