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 22.01.2020

Annual results 2019

Union Bancaire Privée’s assets under management rise more than 10% to CHF 140.3 billion

Press Releases 06.04.2020

UBP expands its emerging market sovereign fixed income offering

Union Bancaire Privée (UBP) announced last Friday that it is further expanding its sovereign emerging market fixed income offering with the launch of a new frontier market strategy.

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.

Further reading

Press Releases 24.06.2020

New absolute return strategy on UBP's alternative UCITS platform

UBP has enhanced its alternative UCITS platform with a new absolute return strategy launched in partnership with Baltimore-based alternative investment manager Campbell & Company Investment Adviser LLC.

Press Releases 16.06.2020

UBP partners with leading equity specialist Bell Asset Management

Union Bancaire Privée forms a strategic partnership with leading equity specialist Bell Asset Management.

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.