Violation Tracker Individual Record
The Department of Justice signed an addendum to a non-prosecution agreement with Union Bancaire Privee, UBP SA (UBP), a private bank headquartered in Geneva, Switzerland. The original non-prosecution agreement was signed on Jan. 6, 2016. At that time, UBP reported that it held and managed 2,919 U.S. Related Accounts, with assets under management of approximately $4.9 billion, and paid a penalty of $187,767,000. In reaching the new agreement, UBP acknowledged it should have disclosed additional U.S.-related accounts to the department at the time of the signing of the non-prosecution agreement. UBP agreed to pay an additional penalty of $14 million.