The French unit of Switzerland's UBS has been fined 10 million euros by the French banking regulator ACP.<br /><br />The penalty is for UBS having delayed tightening controls on money-laundering and tax evasion.<br /><br />The ACP said UBS France had dragged its heels following an initial warning in 2007 and had waited 18 months before putting in place necessary oversight.<br /><br />...<br />http://www.euronews.net/
