Jan 4 (Reuters) - Swiss bank UBS is working

with an independent ombudsman to shed light on Nazi-linked

accounts, it said on Saturday, after the Wall Street Journal

newspaper reported some accounts at collapsed bank Credit

Suisse, which UBS bought in 2023, had not been disclosed in

earlier investigations.

The Journal cited a December 2024 letter from the ombudsman

to the U.S. Senate which said his probe had uncovered a cache of

client files marked "American blacklist," a designation for

those trading with Nazi-affiliated entities, and revealed signs

of a cover-up during past reviews.

UBS said it was working with the independent ombudsman, Neil

Barofsky, a former U.S. prosecutor who had previously been

engaged by Credit Suisse to look into the issue, to lead a

review aimed at addressing the legacy of Nazi-linked accounts

held at predecessor banks of Credit Suisse.

"UBS is committed to contributing to a fulsome accounting of

Nazi-linked legacy accounts," the bank said in a statement.

"Since acquiring Credit Suisse ... we have made it a priority to

ensure that the review is thorough and comprehensive."

Barofsky told the Senate his team of investigators expects

to issue a final report around early 2026, the Journal report

added.

Credit Suisse had commissioned its investigation after

allegations levied in 2020 by the Simon Wiesenthal Center, a

Jewish human rights organization that teaches the lessons of the

Holocaust, that the bank held potential Nazi-linked accounts and

failed to disclose them.