UBS Slapped With Record $125M AML Fine — 8.6× Its 2018 Penalty

FinCEN fined UBS $125 million 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 similar failures. FinCEN called it "historic" — the largest ever against a broker-dealer under the BSA.