2012年9月2日星期日

UBS Probed Over Alleged Malaysia Money Laundering

31 Aug 2012 
ZURICH--Swiss bank UBS AG (UBS) said Friday that it will "certainly fully cooperate" with authorities after Swiss prosecutors began a criminal probe for alleged money laundering related to rainforest logging in Malaysia.

"UBS applies the highest standards worldwide in the fight against money laundering and corruption," the bank said in a statement, noting that the bank is under an obligation to report the discovery of criminal proceeds and suspicious activities to the relevant anti-money laundering authorities.

The AP reported that the investigation stems from a complaint from a Swiss environmental group, called The Bruno Manser Fund, which alleges that the bank had close ties to Musa Aman, the chief minister of the Malaysian state of Sabah, accused of laundering over $90 million linked to logging operations on Borneo. 

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