Switzerland - Prosecutor calls for maximum fine for Credit Suisse
(MENAFN- Swissinfo)
Credit Suisse has rejected all allegations in this case as meritless © Keystone / Christian Beutler
The Office of the Attorney General of Switzerland has demanded Credit Suisse be fined CHF5 million ($5.4 million) – the maximum provided for by law – for aggravated money laundering and subsidiary support of a criminal organisation.
This content was published on February 24, 2022 - 11:49 February 24, 2022 - 11:49 Keystone-SDA/ts
Switzerland's second-largest bank is a defendant in a trialExternal link , which began on February 7, involving millions of euros that were allegedly laundered through its coffers by Bulgarian drug trafficker Evelin Banev.
On Wednesday prosecutor Alice de Chambrier denounced the bank's organisational shortcomings in the fight against money laundering. All the protective walls – the client advisor, her superiors and the risk department – had failed, she said.
Since there were no mitigating circumstances, de Chambrier called for the maximum fine of CHF5 million. If found guilty, the bank may also have to settle two compensation claims: CHF34 million for the money that escaped justice and CHF7 million of illicitly earned profits.
Last week a former Credit Suisse banker told the court that the bank had dismissed her concerns about murders allegedly linked to Banev.
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