{
Credit-Suisse

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}

ubs shares dip as court acquits bank in bulgaria money laundering case

UBS shares fell 0.32% to CHF 27.67 following the Federal Criminal Court's acquittal of the bank in a Bulgarian money laundering case. Credit Suisse, originally fined CHF 2 million for failing to monitor ties with the Bulgarian mafia, faces a potential appeal from the Attorney General. The appeals chamber also sentenced two co-defendants, including a confidant of mafia boss Evelin Banev, to prison terms for their roles in the criminal organization.
finanzen.ch
Swiss Franc Credit-Suisse Bank Julius Baer UBS CHE Evelin Banev Show more
TradFi, News Article
19:08 29.11.2024

federal court acquits ubs in money laundering case linked to bulgarian mafia

The Federal Criminal Court has acquitted UBS in the Bulgaria case, previously associated with Credit-Suisse, while reducing the sentences of two other defendants. Credit-Suisse had been fined two million Swiss francs for failing to monitor banking ties with the Bulgarian mafia and violating anti-money laundering laws from July 2007 to December 2008. The other defendants, a former banker and a mafia confidant, received a 29-month prison term and a conditional five-month sentence.
finanzen.ch
Swiss Franc UBS Credit-Suisse BGR
TradFi, News Article
12:51 27.11.2024
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