top of page
All Articles
UBS Monaco Hit With €6 Million Penalty Over Major Anti-Money Laundering Compliance Failures
The Monegasque financial regulator has imposed a substantial €6 million fine on the Monaco subsidiary of UBS following a lengthy investigation into serious anti-money laundering and compliance deficiencies spanning several years. The sanction, issued by the Autorité Monégasque de Sécurité Financière, stems from repeated failures involving the monitoring of high-risk transactions, inadequate controls surrounding politically exposed persons, and weak oversight of internationa
May 116 min read
bottom of page