Investigator’s Guide to Switzerland

Investigator’s Guide to Switzerland

Investigator’s Guide to Switzerland
GIR looks at the intricacies of carrying out investigations in Switzerland as the country considers introducing deferred prosecution agreements to its enforcement arsenal and the Office of the Attorney General grapples with a scandal emanating from its Fifa investigation.

Highlights

Swiss court makes first ruling on internal investigation notes in criminal trials

Switzerland’s highest court has ruled that interview notes from internal investigation interviews can be admitted as evidence in criminal proceedings.

Credit Suisse ruling could clarify Finma monitorships

Swiss lawyers say an upcoming Supreme Court decision regarding the impartiality of a law firm hired by Finma to examine Credit Suisse’s spying scandal will clarify conflict of interest rules in monitorships ordered by the agency.

Swiss compliance officer on trial for missing 1MDB red flags

A former Coutts compliance officer is on trial in Switzerland for allegedly failing to report a suspicious transaction from Malaysia’s sovereign wealth fund.

Expiry of Fifa trial yet another setback for OAG

Swiss lawyers say that the recent collapse of a fraud trial against four former football executives will have further damaged the credibility of the country’s federal prosecutors.

Swiss trade ministry requests export control probe into CIA-linked tech company

If allegations about the CIA’s secret ownership are true, the technology company could have violated Swiss laws governing the sale of products with military use.

Swiss AG lied in Fifa probe, disciplinary body finds

A disciplinary committee has fined Swiss attorney general Michael Lauber 8% of his yearly salary for acting dishonestly in a probe linked to Switzerland’s Fifa bribery investigation.

Pressure on compliance staff behind uptick in Swiss money laundering reports

The Swiss finance ministry’s targeting of compliance staff at financial institutions caused the recent surge in the number of suspicious activity reports filed in Switzerland, lawyers say.

HSBC avoids monitor in tax evasion DPA

HSBC’s Swiss private banking arm has entered into $192 million deferred prosecution agreement after admitting to helping US citizens evade tax for a decade.

Glencore investors sue over investigations related share price drop

Investors in Anglo-Swiss commodities trader Glencore said they will sue the company over a drastic share price decline that has followed several enforcement investigations.

Gunvor to pay $94 million over Africa bribery allegations

Swiss prosecutors have ordered the Geneva-based commodities trader to pay profit disgorgements and a fine to resolve allegations that company employees and agents paid bribes for oil shipments in two African countries.

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