Credit Suisse bank found guilty over money laundering charges

The bank is fined by a Swiss court for involvement in money laundering linked to a Bulgarian drugs ring. …

The court heard evidence around the bank’s role in accepting millions of Euros in bank deposits between 2004 and 2008, which it said was full of red flags.Prosecutors said that Pampoulova-Bergomi had built an informal financial relationship with former Bulgarian wrestler Evelin Banev, who was a major figure in a European cocaine smuggling ring.The court heard that the former tennis player regularly collected bags “full of cash” – some amounting to the equivalent of £400,000 – from people known to the wrestler.

Source

Leave a Reply

Your email address will not be published.