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NEWS: Swiss government appeals move to scrap money laundering fine for ex-Credit Suisse chief compliance officer

Premium June 1, 2026

Lara Warner, former Group Chief Risk Officer of Credit Suisse, speaks during the Milken Institute's 22nd annual Global Conference in Beverly Hills, California, U.S., April 29, 2019. REUTERS/Mike Blake/File Phot

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By John Revill

THE Swiss Finance Ministry has appealed a court decision to scrap a 100,000 Swiss franc ($127,000) fine imposed on ​former Credit Suisse executive Lara Warner for failing to ‌report money laundering in a fraud linked to the collapse of the Mozambique economy.

The federal criminal court last week overturned the ministry’s 2025 decision to ​fine Warner, a former chief compliance officer at the ​collapsed bank which was taken over by UBS in ⁠2023, saying the case had exceeded the statute of limitations.

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‘Collared’ Episode 4: How undercover police trace terrorist transactions, and Europol’s Jean Phillippe Lecouffe on coordinating fincrime probes

NEWS: Wise shares plunge as it faces AML probe over €500m in suspicious transactions

NEWS: US seizes record $8 billion in Bitcoin during global scam compound crackdown

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