US EditionSwitzerland Sentences Former Pictet Employee for Money Laundering
13 Articles
13 Articles
Prague - The investigation of the chairman of the ANO movement, Andrej Babiš, in France in the case of possible money laundering and concealment of the origin of assets continues. The daily Právo reported this today based on a statement from the French National Financial Prosecutor's Office (PNF), which investigates serious economic and financial crimes. The chairwoman of the ANO deputies, Alena Schillerová, said at a meeting with voters in Vyšk…
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Another Giant Bank Now Gets Fined For Money Laundering Failures
In a landmark ruling on June 17, 2025, a former employee of the prestigious Swiss private bank Pictet was sentenced to five years in prison for his role in a sophisticated money laundering operation. This case has raised significant concerns about compliance practices within high-profile financial institutions. The individual, whose identity has not been disclosed due to privacy laws, was found guilty of facilitating the movement of illicit fund…
The Geneva bank and a former manager were sentenced respectively to 2 million fine and 6 months suspended imprisonment.
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