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NEWS: Swiss private banker charged with ML, accused of stealing client’s illicit cash

CHARGED: A board member at a private bank in Switzerland was today (Wed) charged with money laundering, accused of stealing illicit cash from a customer. Our file photo shows Switzerland's national flag over the entrance of the Swiss Criminal Court (Bundesstrafgericht) in Bellinzona.

By AML Intelligence Correspondent A BOARD member at Swiss private bank was today (Wed) accused of money laundering after authorities red-flagged deposits he was making to the Dominican Republic. The private banker is accused of taking illicit funds from a customer and depositing the money under his own name at his institution. The customer had…

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