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UBS may use separate laundering case as evidence of double standard and argue for reduction or dismissal of record €4.5BN fine

Swiss multinational investment bank UBS appears likely to use a separate money laundering case to appeal the multi-billion euro fine it was issued two years ago.

The bank is due to go to court in Paris next week, arguing that the €4.5BN fine handed down for tax evasion offences should be overturned or at least lowered.

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