Swiss bank Credit Suisse was found guilty by the country’s Federal Criminal Court on Monday for failing to prevent money laundering by a Bulgarian cocaine trafficking gang, the first such criminal trial Switzerland has seen against one of its major banks.
By Brenna Hughes Neghaiwi and John O'Donnell ZURICH (Reuters) - Swiss judges are set to rule on Monday whether Credit Suisse failed to prevent money l.
The court said on Monday it found deficiencies within Credit Suisse both with regard to the management of client relations with the criminal organisation and with regard to the monitoring of the implementation of anti-money laundering rules.