UBS to Pay $125 Million Over Anti-Money Laundering Violations

UBS Financial Services Inc., a subsidiary of UBS Group AG, has agreed to pay $125 million in fines to settle allegations by the US government that it willfully and repeatedly...

By Lydia Beyoud and Noele Illien · Bloomberg Markets

UBS Financial Services Inc., a subsidiary of UBS Group AG, has agreed to pay $125 million in fines to settle allegations by the US government that it willfully and repeatedly violated anti-money laundering rules.