The investment bank UBS has been fined 50,000 francs by the Federal Department of Finance (FDF).

The UBS sanction notice dates from 4 April last year and came into force at the end of the 30-day appeal period. In reality, collaborators at the big bank allegedly failed for years to report suspicions of money laundering in connection with the accounts of the controversial ex-president of Yemen, Ali Abdullah Saleh. According to information, the criminal decision relates to a payment of 10 million dollars made in 2009 in favor of the then president of Yemen by the Sultan of Oman. The check was allegedly delivered by Mr. Saleh's son at the UBS headquarters style="font-family: "Bookman Old Style”, "serif">