Switzerland charges Credit Suisse in Bulgarian money laundering case
Zurich-based bank says it will defend itself vigorously over charges it allegedly failed to prevent money laundering by a Bulgarian drug ring
17 December 2020 - 18:43
Credit Suisse and one of its former bank managers have been indicted by Swiss prosecutors over its alleged failure to prevent money laundering by a Bulgarian drug ring.
The Zurich-based bank failed to take all the organisational measures that were “reasonable and required” to prevent the cash made from the sale of cocaine that were then used to buy real estate in Switzerland and Bulgaria, the Office of the Swiss attorney-general said on Thursday...
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