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Credit Suisse agrees to $475M penalty in Mozambique Wire Fraud case

Premium October 20, 2021
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NEWS: Eurojust to create new pan-EU body connecting judges with AML and AFC experts

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NEWS: Big win for Malta’s FIAU as court upholds major fine handed to payments company

NEWS: Luxembourg fugitive accused of stealing €5.4M from investors added to EU’s ‘Most Wanted’ list

By Dan Byrne for AMLi

A major wire fraud scandal for Credit Suisse has come to a close in the US this week, with news that it will fork out around $475M in penalty settlements.

The global investment bank – through its UK subsidiary – has pleaded guilty in a US court to wire fraud related to state fishing investments in Mozambique – a case that has already received extensive domestic coverage and multiple charges filed against a former finance minister.

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Premium

NEWS: Eurojust to create new pan-EU body connecting judges with AML and AFC experts

 Premium

NEWS: Big win for Malta’s FIAU as court upholds major fine handed to payments company

NEWS: Luxembourg fugitive accused of stealing €5.4M from investors added to EU’s ‘Most Wanted’ list

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