UNION BANCAIRE PRIVÉE, UBP SA TO PAY ADDITIONAL $14 MILLION UNDER SWISS BANK PROGRAM FOR AIDING US TAX EVASION

On 2 January, a release from the US DoJ announced that the Swiss private bank had agreed the penalty after it acknowledged it should have disclosed additional US-related accounts to the DoJ at the time of the signing of the original non-prosecution agreement in 2016 (when it paid a $187 million penalty).

https://mondovisione.com/media-and-resources/news/us-justice-department-announces-addendum-to-swiss-bank-program-category-2-non-pr-2/

Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

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