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Illegal canvassing and laundering of tax evasion: UBS's guilt confirmed, sentence overturned

17/11/2023
Source : ORISHAS FINANCE
Categories: Sectors Compliance

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On Wednesday, November 13, the Court of Cassation confirmed the guilt of UBS for illegal canvassing and blanchiment of tax evasion. But the judges overturned the decision of the Court of Appeal concerning the confiscation penalty of 1 billion and the interest of 800 million euros. The State will have to return 800 million euros to UBS

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