UBS has been fined 125 million dollar by U.S. authorities for violations of the Bank Secrecy Act (BSA). According to the U.S. Financial Crimes Enforcement Network (FinCEN), the Swiss banking group is considered a repeat offender.
The major bank is paying a hefty fine in the U.S. (Image: Shutterstock)
Monday, 3 August 2026 18:20
In a statement, Fincen said the penalty is the largest fine ever imposed on a broker-dealer for violations of the Bank Secrecy Act. The agency classified UBS as a repeat offender because it had already been fined for a similar violation in 2018.
At that time, UBS agreed to pay 14,5 million dollar, and regulators also required the bank to strengthen its anti-money laundering (AML) monitoring systems. According to Fincen, UBS took too long to implement the required improvements, resulting in the new penalty. The agency noted that the required enhancements have since been completed.
