UBS unaware of DoJ probe into compliance failures

People passing by a UBS signage in Zurich — AFP

ZURICH: UBS says it is not aware of a probe by the US Department of Justice into alleged sanctions-related compliance failures, after a media report earlier last week.

“The recent reporting on an alleged probe by the US Department of Justice into sanctions-related compliance failures at Credit Suisse and UBS is inaccurate. We’re not aware of such a probe,” UBS said in a statement.