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Violation Tracker Individual Record

Company: UBS AG
Current Parent CompanyUBS
Parent at the Time of the Penalty Announcement subscribe to see this data field
Penalty: $100,000,000
Year: 2004
Date: May 10, 2004
Offense Group: financial offenses
Primary Offense: economic sanction violation
Secondary Offense: banking violation
Mega-ScandalSanctions Violations
Violation Description: UBS, without admitting to any allegations, consented to the issuance of the Order in connection with U.S. dollar banknote transactions with counterparties in jurisdictions subject to sanctions under U.S. law, specifically Cuba, Libya, Iran, and Yugoslavia.
Level of Government: federal
Action Type: agency action
Agency: Federal Reserve
Civil or Criminal Case: civil
HQ Country of Current Parent: Switzerland
Ownership Structure of Current Parent: publicly traded
Major Industry of Current Parent: financial services
Specific Industry of Current Parent: banking & securities
Source of Data(click here)
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Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.