Financial Crime Financial Crime

Union Bancaire Privée to pay $14 million for belated disclosure in US tax settlement

By Richard Vanderford
  • 02 Jan 2020 16:32
  • 02 Jan 2020 16:32
Union Bancaire Privée, a Swiss bank that sheltered US accountholders' money, will be allowed to maintain a 2016 settlement with the US Justice Department despite failing to disclose some accounts.

Under an amendment to its 2016 non-prosecution agreement, Geneva-based UBP will pay another $14 million for failing to disclose the existence

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