Following news that Switzerland’s federal prosecutor has filed charges against Credit Suisse for allegedly facilitating money laundering “on a grand scale” by former Bulgarian clients, specialist financial crime lawyer commented below.
Swiss investigators said the bank had processed more than SFr140m of transactions for the group, earned from smuggling tonnes of cocaine into Europe and other illegal activities.
Experts Comments
Submit Your Expert Comments
What do you think of the topic? Do you agree with expert(s) or share your expert opinion below.Be part of our growing Information Security Expert Community (1000+), please register here.
Linkedin Message
@Bambos Tsiattalou, Specialist Financial Crime Lawyer, provides expert commentary at @Information Security Buzz.
"Credit Suisse is far from alone in having questions raised as regards compliance and anti-money laundering rules...."
#infosec #cybersecurity #isdots
https://informationsecuritybuzz.com/expert-comments/switzerland-charges-credit-suisse-in-money-laundering-case-comments-from-specialist-financial-crime-lawyer
Facebook Message
@Bambos Tsiattalou, Specialist Financial Crime Lawyer, provides expert commentary at @Information Security Buzz.
"Credit Suisse is far from alone in having questions raised as regards compliance and anti-money laundering rules...."
#infosec #cybersecurity #isdots
https://informationsecuritybuzz.com/expert-comments/switzerland-charges-credit-suisse-in-money-laundering-case-comments-from-specialist-financial-crime-lawyer