World Business News

A round up of the latest news for those doing business internationally

Belgium probes UBS money launder claims

Zone(s): Belgium ¦ Sector(s): Banking
[3 June 2014, CITY A.M.]  Swiss bank UBS is facing an investigation by Belgian authorities who suspect it may have helped clients launder money. The investigation, headed by Judge Michel Claise, began late last year.

Its announcement comes after claims in Belgique magazine that UBS had approached wealthy clients and encouraged them to funnel money into undeclared accounts in Switzerland.

Read the full story at:
www.cityam.com/article/1401757067/belgium-probes-ubs-money-launder-claims