Former Swiss bankers appeal fines for not reporting dubious deposits
The former head of SocGen’s Swiss private bank and the former head of compliance are fighting fines totaling Sf90,000
07 April 2021 - 11:00
Geneva — Two former Société Générale bankers are challenging Swiss fines issued for failing to report suspicious deposits worth more than $700m made by a one-time ally of Russian President Vladimir Putin.
The former head of SocGen’s Swiss private bank and the former head of compliance, who can only be named as L and K under Swiss reporting restrictions, are appealing fines totaling Sf90,000 ($96,000) at a trial starting Wednesday in Bellinzona...
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