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UBS may have to wait until 2021 for its appeal against its conviction in France

30/04/2020
Source : L'AGEFI Quotidien
Categories: Rate

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UBS's appeal against its conviction in France for illegal canvassing and aggravated money laundering
of tax evasion may not be tried until next year due to the pandemic, said on Wednesday
Axel Weber, the president of the Swiss bank, during the general meeting organized remotely. Most
major Swiss bank was ordered in February 2019 by the Paris Criminal Court to pay 4.5
billion euros, including a record and unprecedented fine in France of 3.7 billion, for direct banking
illegal and aggravated laundering of tax evasion.

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