Anti-Financial Crime & Financial Crime Compliance
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NEWS: Credit Suisse flags ‘material weaknesses’ in reporting, outflows not reversed

Delayed annual report released, Auditors PwC included ‘adverse opinion’ on bank’s internal controls, Outflows ‘not yet reversed’ By Noele Illien and Stefania Spezzati TROUBLED Credit Suisse said in its 2022 annual report the bank has identified “material weaknesses” in internal controls over financial reporting and not yet stemmed customer outflows. “As of December 31, 2022,…

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