Ah, so that’s why UBS had us study how to prevent money laundering

UBS Admits To Massive Tax Evasion Scheme
Banking giant UBS has agreed to pay $780 million and turn over once-secret Swiss banking records to settle allegations it conspired to defraud the U.S. government of taxes owed by big clients.
. . .  UBS executives helped U.S. taxpayers open new accounts in the names of sham entities.
Prosecutors contend [...]

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