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FCPA Blog Daily News

Entries in UBS AG (17)

Thursday
Jun082017

Former UBS compliance officer charged with insider trading

Britain's market regulator charged a former UBS Group AG compliance officer with five counts of insider trading.

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Tuesday
Oct112016

Singapore closes Falcon Bank, arrests local manager for 1MDB-linked offenses

Singapore's bank regulator Tuesday shut down a second bank for "serious failures in anti-money laundering controls and improper conduct" linked to Malaysia's 1MDB fund.

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Thursday
Jul212016

Singapore seizes $177 million linked to 1MDB, cites AML lapses at UBS, Stanchart, DBS and Falcon

Singapore said Thursday it has seized property and bank accounts linked to money allegedly diverted from Malaysia's sovereign wealth fund, 1Malaysia Development Berhad.

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Wednesday
Feb242016

HSBC: SEC investigating Asia hiring practices

HSBC Holdings said in an earnings release Monday that the SEC is investigating the bank's hiring practices in Asia.

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Monday
Feb082016

Julius Baer pays $547 million for U.S. tax scam, two bankers plead guilty

Two former Julius Baer bankers pleaded guilty Thursday and the Swiss bank paid $547 million to settle a criminal case for helping clients cheat on their U.S. taxes.

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Tuesday
Sep152015

Brazil investigates big banks for exchange rate manipulation

Brazil's antitrust agency opened an investigation into fifteen foreign banks and thirty individuals for allegedly forming a cartel to manipulate exchange rates of local Brazilian reals and foreign currency.

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Friday
Aug282015

Compliance department errors cost UBS $1.7 million in OFAC fines

Zurich-based UBS AG agreed to pay just over $1.7 million to resolve civil allegations that it processed 222 transactions for a client that apparently violated U.S. anti-terrorism sanctions.

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Tuesday
Aug182015

BNY Mellon pays $15 million in FCPA settlement for internship hiring practices

The Securities and Exchange Commission Tuesday said BNY Mellon agreed to pay $14.8 million to settle charges that it violated the Foreign Corrupt Practices Act by providing valuable student internships to family members of foreign government officials affiliated with a Middle Eastern sovereign wealth fund.

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Friday
Jan162015

IRS whistleblower Birkenfeld wants to leave U.S., DOJ opposes early end to probation

Bradley Birkenfeld, the former Swiss banker who became an IRS whistleblower and was awarded $104 million after serving a U.S. prison sentence, wants his probation to end early so he can move back to Europe.

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Wednesday
Nov052014

UK High Court strikes a blow for compliance officers

Compliance professionals facing push back from deal makers ought to take heart from a recent English High Court decision involving UBS (AG) London UBS and Leipzig’s water utility KWL.

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Tuesday
Oct142014

Job: Compliance Officer - Policies & Procedures (UBS)

Job Title: Compliance Officer - Policies & Procedures

Employer: UBS AG

Location: Stamford, Connecticut USA

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Thursday
May082014

SEC expands probe of bank hiring practices

The SEC has expanded its investigation into several large banks' hiring practices in Asia, requesting more information that could show the firms violated the FCPA by hiring relatives of well-connected officials.

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