We use cookies on this site to enable your digital experience. By continuing to use this site, you are agreeing to our cookie policy. close

UBS Sets Aside €450M For French Money-Laundering Fine

Law360, London (March 15, 2019, 12:11 PM GMT) -- UBS AG said Friday it has set aside €450 million ($510 million) after a French court hit it with a €3.7 billion fine for money-laundering, even though the Swiss bank maintains there is a “lack of evidence to support the charges.”

The bank says it has set aside the money as a “best estimate of the possible financial implications” after it was found guilty on charges of illegally soliciting clients and laundering the proceeds of tax evasion. (AP) The banking giant said it has put aside the money as a “best estimate of the possible financial implications” after being found guilty in...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.


  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!

TRY LAW360 FREE FOR SEVEN DAYS

map

Kirkland & Ellis LLP has redefined what it means to be the biggest of BigLaw — weighing in at 2,116 attorneys by year end 2018 and becoming the first firm since Law360 began tracking law firm head counts to top 2,000 U.S.-based attorneys.

Related

Sections

Companies

Government Agencies