Credit Suisse fined $475m in three country agreements over Mozambique scandal

Mark Battersby
clock • 3 min read

Credit Suisse has agreed to pay a total of $475m in fines after reaching agreements with UK, US and Swiss authorities to resolve charges of "fraudulently misleading investors" and violating anticorruption law in the so-called "tuna bond" offerings in Mozambique. The Swiss-headquartered financial giant also forgive $200m of debt owed by Mozambique as part of the separate settlements with four regulators in three countries. Its agreements were with the US Department of Justice and Securities and Exchange Commission, the UK's Financial Conduct Authority and Switzerland's Finma over the a...

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