Tax evasion

UBS Tax Evasion Network in Latin America Revealed

The Union Bank of Switzerland (UBS) had a network with intermediaries for Latin American countries who help launder money and evade taxes, it was learned here on Thursday.

The revelation was made in this capital by former UBS Director Stephanie Gibaud, who met here with members of a bicameral committee of the Argentinean Congress who are investigating 4,040 secret bank accounts in the Swiss branch of HSBC