Financial Crime Financial Crime

UBS money laundering conviction ratified by France’s top court; fine will be reassessed

By Martin Coyle
  • 15 Nov 2023 15:53
  • 15 Nov 2023 15:53
UBS has lost an appeal in France’s top court over claims that saw a multibillion-euro fine imposed for money laundering and tax evasion, but has won a bid for a new trial to reassess a fine of 1.8 billion euros (around $2 billion) that a lower Paris court had imposed on

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Martin Coyle

Senior Correspondent

Martin Coyle is a senior correspondent, based in MLex's London office, reporting daily on bribery and corruption issues in the UK and Europe. Previously he was a senior editor at Thomson Reuters where he covered anti-money laundering, financial crime and regulatory enforcement issues. Prior to that he was editor of The Accountant, the world's oldest accounting publication, and International Accounting Bulletin, a bi-monthly business journal owned by Lafferty.

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