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Laundering of tax evasion: UBS decides to appeal in cassation

21/12/2021
Categories: Sectors

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Sentenced on appeal to pay 1.8 billion euros for illicit bank canvassing and laundering of aggravated tax evasion, the UBS bank wants to “evaluate” the court's decision.

The Swiss bank had only five days to decide after the publication of the decision of the Paris Court of Appeal which condemned it last week to a fine of 3.75 million euros, the “confiscation” of one billion euros and 800 million in damages. She finally decided to appeal in cassation.

This decision will allow UBS "to carefully assess the verdict of the Court of Appeal and to determine the next steps, in the best interest of its stakeholders ("stakeholders")", she argued in a statement released. on Monday evening.

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