Belgium charges Swiss bank UBS with money laundering

A Belgian judge has charged Swiss bank UBS with money laundering and serious and organised tax fraud, Brussels prosecutors said in a statement.
Belgium charges Swiss bank UBS with money laundering

“The Swiss bank is suspected of having directly, and not via its Belgian subsidiary, approached Belgian clients to convince them to set up structures aimed at evading taxes,” Brussels prosecutors said.

“UBS will continue to defend itself against any unfounded allegations,” the bank said in an email.

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