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BREAKING: Credit Suisse acquitted of 2022 conviction over cocaine cash laundering case

Premium November 27, 2024

A Swiss flag is pictured above a logo of Swiss bank Credit Suisse in Bern, Switzerland, November 15, 2023. REUTERS/Denis Balibouse/File Photo

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NEWS: Investigative journalists and ex-judge caught up in Albanian probe into cocaine-smuggling network

By Dave Graham

A top Swiss court has acquitted Credit Suisse of a 2022 criminal conviction when the bank was found guilty of failing to prevent money laundering by a Bulgarian cocaine trafficking gang.

Credit Suisse collapsed in 2023 after a series of scandals and setbacks and was taken over by UBS.

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Premium

NEWS: UK’s FCA suggests digital passports could reduce bank compliance costs

NEWS: First look at Europol PPP guide on how banks should share data with police

 Premium

NEWS: Investigative journalists and ex-judge caught up in Albanian probe into cocaine-smuggling network

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