{"id":111219,"date":"2026-08-03T14:35:59","date_gmt":"2026-08-03T14:35:59","guid":{"rendered":"https:\/\/www.europesays.com\/ch\/111219\/"},"modified":"2026-08-03T14:35:59","modified_gmt":"2026-08-03T14:35:59","slug":"ubs-fined-us125-million-by-us-regulators-for-money-laundering-violations","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/ch\/111219\/","title":{"rendered":"UBS fined US$125 million by US regulators for money laundering violations"},"content":{"rendered":"<p>UBS was fined US$125 million by US regulators for alleged willful violations of the Bank Secrecy Act, the main US anti-money laundering law.<\/p>\n<p>Monday&#8217;s civil fine against UBS Financial Services is the largest ever imposed on a broker-dealer for Bank Secrecy Act violations, according to the US Department of the Treasury.<\/p>\n<p>The Treasury Department&#8217;s Financial Crimes Enforcement Network said UBS was a recidivist, having been fined US$14.5 million in 2018 for failing to adequately monitor foreign currency wires.<\/p>\n<p>FinCEN said that despite assuring it would soon address the underlying problems, UBS failed to appropriately monitor more than 50,000 foreign currency wires totaling more than US$10 billion, or disclose its failings.<\/p>\n<p>&#8220;Today\u2019s announcement brings closure to this legacy matter,&#8221; UBS said in a statement. &#8220;UBS has cooperated fully with its regulators and has made significant investments to remediate and strengthen its AML program in line with leading industry practices.&#8221;<\/p>\n<p>Reuters<\/p>\n<p><br style=\"font-style:normal;font-weight:400;text-align:start;white-space:normal\"\/>\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"UBS was fined US$125 million by US regulators for alleged willful violations of the Bank Secrecy Act, the&hellip;\n","protected":false},"author":2,"featured_media":111220,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_share_on_mastodon":"0"},"categories":[129],"tags":[1042,351,21155,167,22076,11760,22077,3673,22078,100,22079,307,1782,22075,223,4293],"class_list":["post-111219","post","type-post","status-publish","format-standard","has-post-thumbnail","category-ubs","tag-breaking-news","tag-china","tag-english-daily","tag-finance","tag-free-newspaper","tag-headlines","tag-hong-kong-media","tag-hong-kong-news","tag-hong-kong-news-media","tag-latest-news","tag-sing-tao","tag-sports","tag-standard","tag-the-standard","tag-ubs","tag-world"],"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@ch\/117032084103934858","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/posts\/111219","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/comments?post=111219"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/posts\/111219\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/media\/111220"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/media?parent=111219"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/categories?post=111219"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/tags?post=111219"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}