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Credit Suisse found guilty by Swiss court in cocaine cash laundering case

Credit Suisse first major Swiss bank to face criminal trial; Credit Suisse said the case arose from a investigation that dated back more than 14 years

Topics
Credit Suisse | Switzerland | money laundering case

Reuters  |  Bellinzona, Switzerland 



Photo: Bloomberg
Both Credit Suisse and the former employee had denied wrongdoing. Photo: Bloomberg

was convicted by Switzerland's Federal Criminal Court on Monday of failing to prevent money-laundering by a Bulgarian cocaine trafficking gang in the country's first criminal trial of one of its major banks.

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First Published: Mon, June 27 2022. 23:20 IST

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