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UNDER FIRE: Two Swiss banks penalised for links to Venezuelan laundering

By Dan Byrne for AMLi

Two more Swiss banks have come under fire from the national watchdog for AML failings related to clients from Venezuela, it has emerged.

The Financial markets Supervisory Athority (FINMA) has taken aim at Banca Zarattini & Co. SA and CBH Compagnie Bancaire Helvétique SA. Both are private banks based in Lugano and Geneva respectively.

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