So, today SRF has an article about USB and money laundering. Over the course of many years, and ignoring thousands of warnings, they (allegedly) laundered money for a corrupt politician and his family. The government subpoenaed documents, which UBS failed to provide, or provided only partially. As a result, UBS has been fined…wait for it…they have been fined CHF 50,000.
That’s not even a "cost of doing business". That’s a joke, that’s a pat on the back, that’s "good job, go do it again". WTF???
https://old.reddit.com/r/Switzerland/comments/1d3zohi/ubs_and_money_laundering/
Posted by Waltekin
1 Comment
Don’t you consider the value of the shame of this fine! /s