UBS AG settles long-standing French tax evasion case, agreeing to pay €835M including a €730M fine – over unlawful cross-border client solicitations between 2004 and 2012

This settlement addresses allegations related to UBS’s involvement in assisting clients with tax evasion through the use of offshore accounts. The resolution marks a significant step in concluding this legacy issue, allowing UBS to move forward with its operations in France…