EU Lawmakers Want a Financial Police Force to Fight Money Laundering
As reports continue to roll in about money laundering scandals at EU banks, European Parliament lawmakers have said that the bloc needs a dedicated police force to combat the problem
French Court Fines UBS a Year’s Profits for Tax Fraud
Swiss Bank UBS has been fined a record 4.5 billion euros ($5.1 billion), effectively wiping out the bank’s entire profits for 2018. The Paris criminal court found that the bank had unlawfully provided its clients with services to hide assets from French tax authorities