Published 1 year ago

Credit Suisse Found Guilty in Money-Laundering Case Tied to Cocaine Ring

Summary by Ground News

A former relationship manager at the bank was also convicted on money laundering charges. The woman was given a 20-month suspended prison sentence. Credit Suisse faces a fine of 2 million Swiss francs (US$2.08 million) and was also hit with a claim of SF19 million.

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BBC News

Credit Suisse guilty over money-laundering charges

The bank is fined by a Swiss court for involvement in money-laundering linked to a Bulgarian drugs ring.

1 year ago·United Kingdom

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Reuters

Credit Suisse found guilty in cocaine cash laundering case

Credit Suisse was convicted by Switzerland's Federal Criminal Court on Monday of failing to prevent money-laundering by a Bulgarian cocaine trafficking gang in the country's first criminal trial of one of its major banks.

1 year ago·United Kingdom

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CTV News

Credit Suisse found guilty in cocaine cash laundering case

Credit Suisse CSGN.S was convicted by Switzerland's Federal Criminal Court on Monday of failing to prevent money-laundering by a Bulgarian cocaine trafficking gang in the country's first criminal trial of one of its major banks.

1 year ago

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Associated Press News

Credit Suisse fined for facilitating cocaine cash laundering

ZURICH (AP) — A Swiss court on Monday said it has fined Credit Suisse more than $2 million for failing to prevent money laundering linked to a Bulgarian criminal organization a decade-and-a-half ago.

1 year ago·United States

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abc News

Credit Suisse fined for facilitating cocaine cash laundering

A Swiss court has fined Credit Suisse more than $2 million for failing to prevent money laundering linked to a Bulgarian criminal organization a decade-and-a-half ago

1 year ago·United States

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Sydney Morning Herald

Credit Suisse found guilty in case involving cocaine, cash and a wrestler

Cocaine. Stashes of cash. A down-on-his-luck Bulgarian wrestler. The lurid details captivated the financial world, and now the historic verdict is in.

1 year ago·Sydney, Australia

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