Published 2 months ago

UBS says reports of DOJ probe into Russia sanctions evasion are wrong

Summary by Ground News

UBS said on Saturday it was not aware of a probe by the U.S. Department of Justice into alleged sanctions-related compliance failures. Trading in UBS shares was temporarily halted on Wednesday after they fell nearly 8% following a Bloomberg News report which said a full-scale investigation was underway into alleged compliance failures that helped Russian clients evade sanctions.

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CNN

UBS says reports of DOJ probe into Russia sanctions evasion are wrong

Swiss multinational investment bank UBS says it is not aware of a probe by the US Department of Justice into suspected compliance-related missteps by its subsidiary Credit Suisse that reportedly allowed Russian clients to skirt sanctions.

2 months ago·Atlanta, United States

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KRDO

UBS says reports of DOJ probe into Russia sanctions evasion are wrong

By Eva Rothenberg, CNN (CNN) — Swiss multinational investment bank UBS says it is not aware of a probe by the US Department of Justice into suspected compliance-related missteps by its subsidiary Credit Suisse that reportedly allowed Russian clients to skirt sanctions. “The recent reporting on an alleged probe by the US Department of Justice into sanctions-related compliance failures at Credit Suisse and UBS is inaccurate. We’re not aware of suc…

2 months ago·Colorado Springs, United States

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KIFI

UBS says reports of DOJ probe into Russia sanctions evasion are wrong

2 months ago·Idaho Falls, United States

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Bloomberg

UBS Says ‘Not Aware’ of DOJ Probe of Russia Sanction Compliance

UBS Group AG say it’s “not aware” of an investigation by the US Department of Justice into alleged compliance failures at Credit Suisse and UBS that may have allowed some of its Russian clients to evade sanctions.

2 months ago·United States

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Devdiscourse

UBS says not aware of DOJ probe into sanctions-related compliance failures

UBS says not aware of DOJ probe into sanctions-related compliance failures UBS said on Saturday it was not aware of a probe by the U.S. Department of Justice into alleged sanctions-related compliance failures, after a media report earlier this week."The recent reporting on an alleged probe by the US Department of Justice into sanctions-related compliance failures at Credit Suisse and UBS is inaccurate. We're not aware of such a probe," UBS said…

2 months ago

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WTVB

UBS says ‘not aware’ of DOJ probe into sanctions-related compliance failures

ZURICH (Reuters) - UBS on Saturday said it is "not aware" of a probe by the U.S. Department of Justice into alleged sanctions-related compliance failures, following a media report earlier this week. "We're not aware of such a probe," UBS said in a statement. "UBS and CS have significantly and proactively reduced their Russia-related exposure." On Wednesday Bloomberg reported that a full-scale investigation by the U.S. Department of Justice w…

2 months ago

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