Safra, Gonet, Piguet Galland Took U.S. UBS Clients, HZ Reports
U.S. clients were only accepted if they declared their money, an unidentified Safra spokesperson told Handelszeitung. Gonet said it demanded self-declarations from clients, the Zurich-based newspaper wrote in a pre-release of a story to be published tomorrow.
Piguet Galland, formerly known as Frank, Galland & Cie, said part of the U.S. business was transfered in 2009 to a U.S.- licensed subsidiary, which could legally accept clients.
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