PARIS | Swiss bank UBS may face massive fines in French trial

20Feb - by Editor - 0 - In STL.News

PARIS (AP) — Swiss bank UBS faces a potential multibillion-euro fine as a Paris court is set to deliver a verdict on charges it helped wealthy French clients evade tax authorities.

The ruling in the exceptional case will be announced Wednesday afternoon by a French criminal court.

One of the world’s largest wealth management banks, Zurich-based UBS AG is charged with illegal bank soliciting and aggravated money laundering.

Continue reading PARIS | Swiss bank UBS may face massive fines in French trial at STL.News.

Source link