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LATEST: Swiss prosecutor appeals UBS acquittal in Credit Suisse money laundering case

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A Swiss flag is pictured above a logo of Swiss bank Credit Suisse in Bern, Switzerland, November 15, 2023. REUTERS/Denis Balibouse/File Photo

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NEWS: Five arrested in Germany as police shut down €6M pyramid scheme

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NEWS: UK’s FCA bans ex-Credit Suisse VP Detelina Subeva after US money laundering conviction

INSIGHT: ‘Fincrime Central’ admits using AI to re-write Sarah Beth’s original opinion column; result ‘diluted, degraded’ original content

By Ariane Luthi

THE Swiss federal prosecutor has appealed against a court decision to acquit collapsed lender Credit Suisse, now part of UBS, in a money laundering case of a Bulgarian cocaine trafficking gang, reviving the legal issue for the bank.

In a ruling seen as a test case for the prosecution of banks, Credit Suisse was initially found guilty of failing to do enough to stop the laundering of profits through the lender from 2004 to 2008.

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Premium

NEWS: Five arrested in Germany as police shut down €6M pyramid scheme

 Premium

NEWS: UK’s FCA bans ex-Credit Suisse VP Detelina Subeva after US money laundering conviction

INSIGHT: ‘Fincrime Central’ admits using AI to re-write Sarah Beth’s original opinion column; result ‘diluted, degraded’ original content

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