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Weekly Roundup: France Widens UBS Probe, Justice Department Appoints HSBC Monitor, and More
printFrance has expanded its probe of whether UBS AG has helped clients evade taxes, Reuters reported Friday. An ongoing probe that focused initially on the bank's French operations now includes an investigation of its Swiss parent company. The investigation comes on the heels of the disclosure that France's Budget Minister Jerome Cahuzac hid taxable assets in Swiss bank accounts. More Two Liberty Reserve employees pleaded not guilty to money laundering and operating an unlicensed money services business, Bloomberg reported Thursday. Prosecutors have accused Liberty Reserve co-founder Vladimir Kats and Mark Marmilev of intentionally allowing criminals to launder $6 billion through...
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