ZURICH—Swiss bank UBS agreed to pay 49 million euros ($55.7 million) to settle a case of alleged tax evasion dating back to the period of 2005 to 2013, Belgian prosecutors said on Thursday. The settlement concerns the alleged presence in Belgium of UBS employees and the alleged facilitation of tax evasion for Belgian UBS clients, Brussels prosecutors said in a statement. Authorities dismissed charges of money laundering and forming of a criminal organisation as well as all charges against former UBS Belgium head Marcel Bruehwiler, the prosecutors said. “For UBS AG, the transaction puts an end to a long procedure relating to alleged facts dating back more than ten years, and this without any admission of guilt,” the prosecutors said. UBS confirmed the settlement and said it was pleased to have resolved the legacy matter. A spokesman said the bank had already made provisions for the settlement. ($1 = 0.8794 …
-
Recent Posts
-
Archives
- May 2025
- April 2025
- July 2023
- June 2023
- May 2023
- April 2023
- March 2023
- February 2023
- January 2023
- December 2022
- November 2022
- October 2022
- September 2022
- August 2022
- July 2022
- June 2022
- May 2022
- April 2022
- March 2022
- February 2022
- January 2022
- December 2021
- November 2021
- October 2021
- September 2021
- August 2021
- July 2021
- June 2021
- May 2021
- April 2021
- March 2021
- February 2021
- January 2021
- December 2020
- September 2013
- July 2013
- March 2013
- January 2013
- December 2012
- November 2012
- December 1
-
Meta