US Broker-Dealer Receives Heaviest-Ever Penalty as Regulators Fine UBS $125 Million for Anti-Money Laundering Shortfalls
· dailyhodl.com
U.S. regulators hit UBS Financial Services with a record $125 million civil penalty for willful Bank Secrecy Act violations tied to poor monitoring of foreign wires. The firm had ignored prior warnings after a 2018 fine.
US financial regulators have delivered the largest civil penalty ever assessed against a broker-dealer for anti-money laundering rule breaches.
The U.S. ?Depar...