FINRA Fines UBS $20 Million Over AML Monitoring Failures

On August 3, 2026, FINRA fined UBS Financial Services $20 million for anti-money-laundering failures that persisted through June 2023. An automated monitoring tool introduced in February 2021 omitted roughly 33% of foreign-currency wires due to incomplete data and a labeling change; from January 2019 to June 2023 more than 60,000 transactions worth $10 billion went unmonitored.

• FINRA fined UBS Financial Services $20 million for AML violations
• Automated system omitted about 33% of foreign-currency wires in retail accounts
• Over 60,000 transactions worth $10 billion went unmonitored from 2019 to 2023
• UBS paid a $4.5 million FINRA fine in 2018 for similar monitoring gaps