1. Newsroom
  2. UBP signs non-prosecution agreement with the US DoJ
Menu
Press Releases 06.01.2016

UBP signs non-prosecution agreement with the US DoJ

UBP signs non-prosecution agreement with the US DoJ

Union Bancaire Privée (“UBP”) has announced that it has reached a non-prosecution agreement (“NPA”) with the US Department of Justice (“DOJ”) as part of its tax regularisation programme. This agreement brings an end to the process that began in 2013 in which UBP filed as a Category 2 bank.

The amount of USD 187,767,000 that UBP will pay to the US authorities will be entirely funded by the provision initially taken and by an allocation of a portion of the Bank’s 2015 net profit.

This resolution has no effect on the Tier 1 ratio of UBP, which remains one of the most well capitalised banks in Switzerland.

Following this transaction, UBP intends to focus entirely on developing its asset management services to private and institutional clients, as well as on its expansion in Asia.

Expertise

Impact investing - Contributing to a more sustainable future

What are the key features of impact investing?

Read more

Most read

Press Releases 14.05.2020

UBP launches a new emerging markets impact strategy

Union Bancaire Privée (UBP) today announces the launch of a new emerging equity solution broadening its impact investment platform.

Press Releases 22.07.2020

UBP partners with fintech QuantCube Technology

Union Bancaire Privée partners with fintech QuantCube Technology to develop innovative equity stock-picking strategies.

Press Releases 17.07.2020

First half-year results 2020

Union Bancaire Privée announces a net profit of CHF 107.6 million for the first half of 2020

Further reading

Press Releases 22.07.2020

UBP partners with fintech QuantCube Technology

Union Bancaire Privée partners with fintech QuantCube Technology to develop innovative equity stock-picking strategies.

Press Releases 17.07.2020

First half-year results 2020

Union Bancaire Privée announces a net profit of CHF 107.6 million for the first half of 2020

Press Releases 16.07.2020

UBP launches a new corporate governance-focused strategy

Union Bancaire Privée, UBP SA (“UBP”) has recently added a new strategy to its alternative UCITS platform. The market-neutral and sector-neutral strategy will invest in Japanese equities and focus on individual companies’ corporate governance.