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LATEST: Swiss bank Safra Sarasin fined $4.3M in Petrobras money laundering case

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A company logo is pictured on the J. Safra Sarasin bank in Geneva, Switzerland, October 17, 2017. REUTERS/Denis Balibouse/File Photo

NEWS: FCA bans Paul Taylor, former CEO who tried to buy Reading Football Club

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NEWS: Germany proposes law to strengthen FIU and customs asset seizure powers

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NEWS: JPMorgan debanked Polymarket amid prediction markets scrutiny

By Ludwig Burger and Oliver Hirt

SWITZERLAND’S attorney general has fined Swiss private bank J. Safra Sarasin 3.5 million Swiss francs ($4.3 million) under a years-long corruption and money laundering case surrounding Brazilian state oil company Petrobras.

The firm also paid an additional CHF 16 million in a settlement agreement.

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NEWS: FCA bans Paul Taylor, former CEO who tried to buy Reading Football Club

 Premium

NEWS: Germany proposes law to strengthen FIU and customs asset seizure powers

 Premium

NEWS: JPMorgan debanked Polymarket amid prediction markets scrutiny

Regulatory Watch News

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