Region: Switzerland

Credit Suisse convicted in Bulgarian money laundering case

The Swiss lender plans to appeal against its conviction for anti-money laundering failures that allowed a Bulgarian gang to run its illicit proceeds through the bank.

27 June 2022

Greece seeks €214 million from Novartis over bribery allegations

21 June 2022

Pemex to seek damages as “victim” of Glencore’s price manipulation

Mexico’s state oil company will ask a US court to order Anglo-Swiss commodities trader Glencore to cover financial losses Pemex allegedly suffered in an oil price rigging scheme.

20 June 2022

Counsel Watch: Glencore’s lawyers for global bribery investigations

In the latest Counsel Watch, a round-up of the lawyers acting for Glencore in the US, the UK, Brazil, Switzerland and the Netherlands in corruption investigations that have so far led to criminal resolutions in three continents.

13 June 2022

Switzerland will seek to impose usage terms on returned Ukrainian assets

Some $100 million in frozen funds allegedly stolen from Ukraine and subject to a forfeiture attempt in Switzerland will only be returned if Ukraine spends them on projects that “improve the living conditions of the population”, Swiss officials said.

10 June 2022

Blatter and Platini embezzlement trial starts

07 June 2022

Swiss authorities trigger rarely-used forfeiture mechanism to target Ukrainian funds

One lawyer said Swiss authorities are utilising a “shortcut” to circumvent the country’s normal rules on assisting foreign prosecutors in reclaiming embezzled state funds.

27 May 2022

Glencore pays more than $1 billion in four-agency settlement

The Swiss commodities trader admitted paying bribes throughout Africa and South America in settlements with four agencies in the US, UK and Brazil. Corruption probes in Switzerland and the Netherlands, however, continue.

25 May 2022

Allianz agrees $6bn US fraud settlement

17 May 2022

Swiss court upholds ex-UBS banker’s data theft conviction

13 May 2022

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