US EditionJ. Safra Sarasin Fined Over Corruption Scandal
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J. Safra Sarasin Fined Over Corruption Scandal
Switzerland’s Office of the Attorney General has ordered Bank J. Safra Sarasin to pay a fine of 3.5 million francs in connection with money laundering tied to the Petrobras corruption case. Prosecutors said the bank failed to take all necessary and reasonable organizational measures to prevent, or at least attempt to prevent, aggravated money laundering involving $71 million between November 2011 and May 2014. In a related ruling, a former emplo…
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The OAG fined the private bank J. Safra Sarasin 3.5 million francs for aggravated money laundering. A former employee of the bank was given a six-month suspended prison sentence in this case.
The Federal Prosecutor's Office has sentenced Bank J. Safra Sarasin to a fine of 3.5 million francs, which is about money laundering in the corruption case of Petrobra.
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