Credit Suisse faces AML charges over Bulgarian cocaine traffickers case

clock • 1 min read
Credit Suisse faces AML charges over Bulgarian cocaine traffickers case

Zurich-headquarterd Credit Suisse faces charges in a Swiss court on 7 February for allegedly allowing a Bulgarian gang of cocaine traffickers to launder millions of euros, according to a report by Reuters.  Swiss prosecutors say the country's No. 2 bank and one of its former relationship managers failed to take all necessary steps to prevent suspected drug traffickers from concealing and laundering cash between 2004 and 2008. "Credit Suisse unreservedly rejects as unfounded all allegati...

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