UBS: Found guilty in France for aiding tax evasion

0
375
UBS bank: Fined £28m by FCA

UBS: Found guilty in France for aiding tax evasion

  • UBS has been declared guilty of illicit solicitation and laundering of the proceeds of tax fraud
  • If found guilty, charges could see the bank face penalties of up to €5.3 billion
  • The bank has tried to scramble for a settlement to avoid the potentially
  • UBS is accused of organizing prospective clients to prestigious outings which illegal
  • UBS had a parallel accounting system for keeping the transfers off its books