UBS Facilitated Ghislaine Maxwell Hideout Purchase
Analysis based on 6 articles · First reported Mar 27, 2026 · Last updated Mar 27, 2026
The revelations about UBS's involvement in Ghislaine Maxwell's financial transactions, despite a grand jury subpoena, could lead to significant regulatory penalties and reputational damage for UBS. This event highlights broader systemic issues within the financial services industry regarding due diligence and anti-money laundering practices for high-net-worth clients, potentially increasing scrutiny on other major Wall Street firms like Deutsche Bank and Morgan Stanley that also had dealings with Jeffrey Epstein.
Documents released by the United States — United States Department of Justice reveal that UBS, a Swiss banking giant, processed an $8 million transfer for Ghislaine Maxwell in November 2019, which was used to purchase a secluded property in New Hampshire, 'Tucked Away,' where she later hid before her arrest. This transfer occurred three months after the United States — United States Department of Justice issued a grand jury subpoena to UBS regarding Maxwell's financial dealings and despite UBS informing Maxwell it would cease doing business with her. The files underscore the central role UBS played in managing Maxwell's finances, raising questions about the bank's due diligence and adherence to anti-money laundering regulations. Other financial institutions, including Deutsche Bank and Morgan Stanley, are also noted for their continued dealings with Jeffrey Epstein after his 2008 conviction. Senator Ron Wyden criticized banks for often overlooking red flags for ultra-wealthy clients. After Maxwell's arrest, UBS filed a Suspicious Activity Report (SAR) covering over $18 million in transfers from her accounts to Scott Borgerson.
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