herald

Sunday 17 December 2017

Irish UBS fined €65k

AN IRISH unit of Swiss banking giant UBS has been fined €65,000 for anti-money laundering breaches.

The Central Bank said the fine is for failing to comply with legislation aimed at protecting the financial system from the risk of exposure to money laundering and terrorist financing.

Dublin-based UBS International Life was publicly reprimanded by the Central Bank.

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