Kenneth Rijock

Kenneth Rijock

Monday, September 17, 2018

SWISS REGULATOR TAKES ACTION AGAINST CREDIT SUISSE



FINMA, the Swiss Financial Market Supervistory Authority, has identified deficiencies in AML proceesses at Credit Suisse, and initiated two enforcement procedures. The deficiencies:
(1) AML shortcomings in accounts involving FIFA, Petrobras and PdVSA.
(2) Deficiencies regarding a significant Politically Exposed Person, or PEP.

Readers who wish to review the complete text of the FINMA press release, may access it here.

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