Swiss Bank UBS (Not Bitcoin) Fined $5.1 Billion for Money Laundering Scheme

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A Paris court just hit Swiss Bank UBS AG with a $5.1 billion fine, after finding the investment bank guilty of money laundering. The fine included a 3.7 billion euro fine and 800 million euros in additional damages to the French state. The record penalties exceed the bank’s net profit of $4.9 billion reported in 2018. […]

The post Swiss Bank UBS (Not Bitcoin) Fined $5.1 Billion for Money Laundering Scheme appeared first on The Daily Hodl.

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