US Broker-Dealer Receives Heaviest-Ever Penalty as Regulators Fine UBS $125 Million for Anti-Money Laundering Shortfalls

U.S. regulators hit UBS Financial Services with a record $125 million civil penalty for willful Bank Secrecy Act violations tied to poor monitoring of foreign wires. The firm had ignored prior warnings after a 2018 fine. The post US Broker-Dealer Receives Heaviest-Ever Penalty as Regulators Fine UBS $125 Million for Anti-Money Laundering Shortfalls appeared first on The Daily Hodl.