Global Investigations Review - The law and practice of international investigations

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Credit Suisse announces non-prosecution agreement with DOJ

By Kelly Swanson

06 June 2018

Credit Suisse announces non-prosecution agreement with DOJ Credit Suisse (Credit: iStock.com/aprott)

The Hong Kong unit of Credit Suisse has reached a non-prosecution agreement with the US Department of Justice to resolve a probe into the Swiss bank’s hiring practices in Asia. The agreement includes a $47 million penalty, Credit Suisse said in a statement released 6 June.