Tag: broker_dealer

FinCEN Imposes Record $125 Million Penalty on UBS for BSA Violations

3 Aug 2026 9:08 a.m. · Source: Financial Crimes Enforcement Network

FinCEN has levied a record $125 million penalty against UBS Financial Services Inc. for willful Bank Secrecy Act violations. This is the largest fine ever imposed on a broker-dealer for such infractions, highlighting serious regulatory breaches.

Business Law Enforcement Politics and Government Federal Government Banking Financial Markets Legal Financial Crimes Enforcement Network UBS Financial Services Inc.Bank Secrecy Act Civil Money Penalty Money Laundering Broker-dealer Financial Regulation