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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 violated anti-money laundering rules.

We haven't written up this one. Bloomberg has the full story — the link below goes straight to it.

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UBS to pay $125M in AML penalties

The brokerage arm of the Swiss bank didn’t fix flaws identified in 2018, resulting in some 60,000 foreign currency wires valued at about $10 billion going unmonitored, regulators said.

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