Martin Lack, a former senior UBS private banker, has agreed to plead guilty in relation to a criminal indictment in 2001 for helping rich Americans to evade taxes.
Lack, who was accused on a charge of conspiracy to defraud the US, will plead guilty on 26 February in federal court in Fort Lauderdale, Florida.
Go deeper with GlobalData
Access deeper industry intelligence
Experience unmatched clarity with a single platform that combines unique data, AI, and human expertise.
"The parties have reached an agreement regarding the disposition of this matter and will be filing a written plea agreement," Lack attorney Peter Raben and Justice Department attorney Mark Daly wrote in a 4 February court filing.
In 2009, UBS paid a penalty of $780m as a settlement and assured to reveal the names of US clients.
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalData
