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Switzerland Sentences Former Pictet Employee for Money Laundering
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16 Articles
Switzerland fines Pictet Bank for money laundering violations
Switzerland’s Office of the Attorney General (AG) has imposed a fine on Pictet Bank for organisational shortcomings that facilitated money laundering. In a statement, the office said: “Pictet Bank was sentenced to a fine of SFr2m ($2.4m) for failing to take all reasonable and necessary measures to prevent these acts from being committed.” This decision is part of the broader “Lava Jato” corruption investigation centred in Brazil. The investi…
Prague - The investigation of the chairman of the ANO movement, Andrej Babiš, in France in the case of possible money laundering and concealment of the origin of assets continues. The daily Právo reported this today based on a statement from the French National Financial Prosecutor's Office (PNF), which investigates serious economic and financial crimes. The chairwoman of the ANO deputies, Alena Schillerová, said at a meeting with voters in Vyšk…
finews.asia
finews.comSwiss Prosecutor Convicts Pictet and Former Relationship Manager
The legal fallout from the Brazilian Petrobras corruption scandal, known as «Lava Jato» has taken another step forward. Switzerland’s Office of the Attorney General has issued criminal penalty orders against the Swiss private bank Pictet and one of its former relationship managers. According to a statement released on Tuesday, Switzerland’s Office of the Attorney General (OAG) sentenced a former relationship manager of Swiss private bank Pictet …
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