Credit Suisse Found Guilty in Money-Laundering Case Tied to Cocaine Ring
41 Articles
41 Articles
Court Finds Credit Suisse Guilty of Facilitating Money Laundering Tied to Cocaine Ring
Swiss bank Credit Suisse was found guilty by the country’s Federal Criminal Court on June 27 for failing to prevent money laundering by a Bulgarian cocaine trafficking gang in the first such criminal trial Switzerland has seen against one of its major banks. The case involved millions of euros in bank deposits made by the trafficking ring to Credit Suisse between 2004 and 2008. The deposits came as a result of drug sales activities and were even…
Credit Suisse has been convicted of failing to prevent money laundering by a Bulgarian criminal group: it is the first Swiss bank ever to receive such a sentence
Major Swiss bank Credit Suisse was sentenced by a criminal court in Bellinzona on Monday for not doing enough to prevent money laundering by a Bulgarian criminal group. addicted to drug trafficking. The
Top Swiss Bank 'Credit Suisse' fined over drugs gang money laundering
A former employee was found guilty of aggravated money laundering over a number of transactions she had conducted or ordered to be conducted between July 2007 and December 2008, despite firm indications that the funds had criminal origins.
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