Region: Switzerland

Swiss insurance company granted $5.1 million NPA

Featured in Investigator’s Guide to Switzerland

Insurance company Zurich obtained an NPA from the US Department of Justice’s tax division after helping the authority circumvent Switzerland’s de facto blocking statute.

26 April 2019

Swiss AG under preliminary investigation over secret meeting with Fifa president

Featured in Investigator’s Guide to Switzerland

The president of a supervisory body in Switzerland’s attorney general’s office has confirmed that it is looking into an alleged third meeting between Swiss Attorney General Michael Lauber and Fifa president Gianni Infantino in June 2017.

25 April 2019

Swiss OAG sends $366 million in Odebrech and Petrobrast scandal-linked funds to Brazil

09 April 2019

UK’s FCA fines UBS £28 million

19 March 2019

51. UBS Japan 2012 ($1,523 million)

Featured in The Enforcement Scorecard

When UBS was fined US$1.5 billion in 2012 for rigging Libor, it was the second-largest corporate penalty ever imposed on a bank, after HSBC’s US$1.9 billion forfeit for money laundering the same year.

14 March 2019

Crédit Agricole shares fall after Troika Laundromat report

07 March 2019

UBS judgment not based on French law, lawyers say

Lawyers acting for UBS have accused French judges of ignoring legal arguments and caving to public pressure to hand down a penalty against the Swiss bank that has no basis in law.

01 March 2019

Lack of coordination between Canadian authorities caused SNC-Lavalin case collapse

Featured in Investigator's Guide to Canada

“It is difficult to imagine that they could authorise the indictment of the same individual, for more or less the same period of time, on the basis of evidence obtained from the same witness, without ever coordinating or taking into account the situation of the accused,” the judge said

28 February 2019

Two RCMP cases against SNC-Lavalin execs collapse over “unreasonable” time delays

A Quebec court has dismissed a bribery case against a former SNC-Lavalin vice-president which was was set to begin almost five years after he was first charged.

21 February 2019

UBS to appeal against record €4.5 billion French tax evasion penalty

Featured in Investigator’s Guide to Switzerland

The Criminal Court of Paris has ordered UBS to pay €3.7 billion after finding the Swiss bank and its French subsidiary guilty of facilitating tax evasion.

20 February 2019

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