BERLIN – Credit score Suisse stated on Monday it might attraction a landmark resolution by Switzerland’s Federal Prison Courtroom to convict the financial institution and a former worker of failing to forestall money-laundering.
The court docket fined Credit score Suisse 2 million Swiss francs ($2.08 million) after discovering it didn't do sufficient to forestall an alleged Bulgarian cocaine trafficking gang from laundering income via the financial institution from 2004 to 2008.
“Credit score Suisse is constantly testing its anti-money laundering framework and has been strengthening it over time, in accordance with evolving regulatory requirements,” the financial institution stated in an announcement in response to the choice.
($1 = 0.9595 Swiss francs)
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