Criminal funds provided by Credit Suisse for decades
(Paris) Credit Suisse has provided tens of thousands of euros in criminal or illegal assets for decades, according to an international investigation by several media, published on Sunday, accusing the Swiss financial institution of “firmly rejecting”.
The study was conducted by the Organized Crime and Corruption Reporting Program (OCCRP), a consortium of 47 media outlets, including. The world, Defenderthe Miami Heraldthe NationSubmitted anonymously a year ago to a German newspaper following a major data leak Suddeutsche Zeitung.
Data indicates daily that from the early 1940s to the late 2010s, there were more than 18,000 bank accounts housed at Credit Suisse and held by 37,000 individuals or businesses. The world.
“Based on the massive leaks of thousands of bank accounts managed by Credit Suisse, [l’enquête] It shows that the Zurich-based company has been providing funds linked to crime and corruption for decades, in violation of the supervision rules imposed on large international banks,” the newspaper writes.
In a statement, Credit Suisse responded to the allegations by saying the data reviewed was “partially, inaccurate or taken out of context, resulting in a biased portrayal of corporate behavior.”
The bank promises to “investigate” the data leak, “90% of the accounts concerned are now closed, more than 60% before 2015”.
In total, more than 100 billion Swiss francs (more than 137 billion dollars) are involved in the accounts listed by the federation.
The leaks mainly focus on developing countries: Africa, the Middle East, Asia and South America and Western Europe, which account for only 1% of total customers, notes the newspaper.
Credit Suisse, the second largest bank in the Swiss banking sector, has been rocked by a series of scandals over the past year. In March, the bank was crippled by the bankruptcy of a financial firm called Greensill, which made about $10 billion through four funds, then the bank exploded by about $5 billion after the eruption of the US-funded archetype.