05:41 AM EDT, 09/23/2025 (MT Newswires) -- UBS Group ( UBS ) said Tuesday it has agreed to pay 835 million euros ($985.8 million) to resolve the legacy tax matter pertaining to its cross-border business activities in France between 2004 and 2012.

The Swiss banking giant will pay a fine of 730 million euros and 105 million euros in civil damages, it said.

"In 2023, the French Supreme Court definitively confirmed the Paris Court of Appeal's prior decision finding UBS guilty of unlawful client solicitation and aggravated money laundering, but referred the financial penalty and civil damages to be re-assessed by the lower court," UBS said.