BankingBusiness

Credit Suisse: Professes “astonishment” at Swiss money laundering charges

  • Credit Suisse takes note with astonishment of the decision of the Office of the Attorney General of Switzerland
  • The bank rejects the allegations about supposed organizational deficiencies and intends to defend itself vigorously
  • The Swiss Federal Criminal Court order the disgorgement of profits and also impose a maximum fine of CHF 5 million
  • The investigation, which relates to the period from 2004 to 2008 later expanded to include two former Credit Suisse employees
  • Credit Suisse unreservedly rejects as meritless all allegations raised against it and convinced that its former employee innocent
  • Based on the facts, Credit Suisse expects to prevail when the case heard by the Swiss Federal Criminal Court
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Laura M
Laura M
Laura is a financial reporter, editor, and researcher with a particular interest in fintech innovation, capital markets, and the evolving global banking landscape.

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