UBS Hit With $125 Million AML Penalty — 8.6× Its 2018 Fine for Similar Violations

FinCEN assessed a record $125 million civil penalty against UBS Financial Services Inc. on August 3, 2026, for willful, repeated Bank Secrecy Act violations tied to foreign currency transaction monitoring. The same firm paid $14.5 million in 2018 for substantively similar failures. FinCEN called the penalty "historic" — the largest ever against a broker-dealer under the BSA.