Money laundering at UBS

After the Swiss Bank Credit Suisse was convicted of tax fraud and fined a penalty of 2.6 Billion dollars in the United States, a second Swiss bank is now in the sights of the authorities.

The Brussels public prosecutor’s office on the evening of the 19 June 2014 stated that a legal case had been made against Marcel Claudia Wettstein, head of the Belgian UBS branch.   ... →