The French unit of UBS has been fined 10m euros (£8.5m; $13m) by regulators for failing to tighten proper controls on money-laundering and tax evasion. UBS and its French branch are being formally investigated for allegedly helping wealthy clients open undeclared bank accounts in Switzerland. via Pocket http://www.bbc.co.uk/news/business-23062363#sa-ns_mchannel=rss&ns_source=PublicRSS20-sa
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