Credit Suisse acquitted of 2022 conviction over cocaine cash laundering case

By Yahoo! Finance   |   1 year ago
Credit Suisse acquitted of 2022 conviction over cocaine cash laundering case

Credit Suisse, now part of UBS, was acquitted by a Swiss court of failing to prevent money laundering by a Bulgarian drug gang in 2022. The court lifted the compensation claim, and Credit Suisse was later taken over by UBS in 2023 after facing scandals.

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