The big bank UBS is to pay a fine of 1.8 billion euros. Now she is defending herself against the judgment from France and is appealing.

UBS is contesting the judgment of the French court of appeal.

That's what it's about

  • UBS is defending itself against the judgment of the French Cour d'appel in Paris.

  • It is said to have a total of 1.8 billion euros Pay for unauthorized financial transactions.

  • Now the big bank has appealed to the French Court of Cassation

After UBS did too last Monday was found guilty of illicit financial transactions and aiding and abetting money laundering by the appellate court in the second instance, she is now appealing the court ruling from France.

As UBS announced in a communiqué on Monday evening, the French Cash desk appeals court appealed. The Cour d’appel in Paris is asking UBS to pay a total of 1.8 billion euros. The amount consists of a fine in the amount of 3.75 million euros, a collection of one billion euros and a civil law compensation payment of 800 million euros.

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By Teresa Tapmleton

Teresa Tampleton has been a reporter on the news desk since 2018. Before that she wrote about young adolescence and family dynamics for Styles and was the legal affairs correspondent for the Metro desk. Before joining The Nizh TEkegram, Teresa Tampleton worked as a staff writer at the Village Voice and a freelancer for Newsday, The Wall Street Journal, GQ and Mirabella. To get in touch, contact me through my teresa@ntelegram.com 1-800-268-7341

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