In the US, under the Foreign Account Tax Compliance Act it would be illegal to use 0 U.S. dollar bank transfers to the \"liability\" account in Geneva, Switzerland. Based on their experience as a British bank, UBS will misuse the \"liability\" account (a much bigger account for U.S. dollar transfers).
On Thursday, June 7, 2018, it became public that the U.S. has granted a license to the Central Bank of Iran (CBI) to access the U.S. banking system, allowing the bank to move trillions in dollars to and from the U.S., as long as the U.S. government continues to deny the Islamic Republic the right to develop its nuclear weapons program.
UBS's former CEO was arrested and charged with similar offenses back in September 2011. A Swiss official told Reuters that \"people were escaping with millions of dollars in cash and leaving the country. [... ] Some were caught.
In June 2015, one of the financier's most loyal bankers, H. Sarlin Joshi, died suddenly at the bank's offices in the ninth-floor boardroom of the Ritz-Carlton Hotel in New York. A spokeswoman for HSBC said Joshi died of natural causes, having been absent from work for more than a month. 7211a4ac4a