Swiss bank UBS charged with ‘serious’ fiscal fraud in Belgium

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Belgium on Friday charged Swiss banking giant UBS with “serious and organised” fiscal fraud for encouraging clients to cheat on their taxes as well as being involved in money laundering.

“The Swiss bank is suspected of having approached Belgian clients directly (without going through its Belgian unit) with the aim of getting them to sign up to tax evasion products,” the federal prosecutor’s office said in a statement.

Fabrice Coffrini

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