Saturday, October 31, 2020

French court refuses UBS request to drop money laundering charge

French court refuses UBS request to drop money laundering charge 1
By Olaalpha

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French court refuses UBS request to drop money laundering charge 2

A French court on Thursday threw out a request by Swiss bank UBS for the constitutional court to drop money laundering charges and limit proceedings to complicity in tax fraud, which carries lighter penalties. UBS Group AG, its French unit and six executives and former executives face charges of aggravated tax fraud and money laundering in an investigation into allegations they helped wealthy clients avoid taxes in France. […]

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