https://feeds.thelocal.com/ Read the latest news and views from Switzerland in English en-us news@thelocal.com (TheLocal) webmaster@thelocal.com (TheLocal) TheLocal RSS Feed Investigators have found at least one billion dollars in wire transfers between the wealthy Sackler family, accused of fuelling the United States's opioid crisis, and financial institutions including Swiss bank accounts, officials said on Friday. https://www.thelocal.ch/20190914/family-that-owns-oxycontin-firm-accused-of-hiding-fortune-in-swiss-banks Sat, 14 Sep 2019 22:35:23 +0200 family-that-owns-oxycontin-firm-accused-of-hiding-fortune-in-swiss-banks France on Wednesday urged a Paris court to fine the Swiss bank UBS 1.6 billion euros ($1.8 billion) for allegedly helping clients commit tax fraud. https://www.thelocal.ch/20181107/france-wants-swiss-bank-ubs-fined-16-billion-for-tax-fraud-lawyer Wed, 07 Nov 2018 23:21:55 +0100 france-wants-swiss-bank-ubs-fined-16-billion-for-tax-fraud-lawyer A former Swiss bank manager pleaded guilty in a US court on Wednesday for his role in a $1.2 billion money laundering scheme involving Venezuelan state oil company PDVSA, the Justice Department announced. https://www.thelocal.ch/20180823/swiss-banker-pleads-guilty-in-12-bn-venezuelan-laundering-scam Thu, 23 Aug 2018 11:00:54 +0200 swiss-banker-pleads-guilty-in-12-bn-venezuelan-laundering-scam Swiss bank Rothschild and a subsidiary seriously breached money laundering rules in connection with the massive financial scandal that helped topple Malaysia's corruption-plagued former regime, Switzerland's financial watchdog said Friday. https://www.thelocal.ch/20180721/rothschild-bank-broke-money-laundering-rules-swiss-watchdog Sat, 21 Jul 2018 18:37:59 +0200 rothschild-bank-broke-money-laundering-rules-swiss-watchdog JP Morgan Chase's Swiss unit committed serious breaches of anti-money laundering regulations in its dealings with Malaysian sovereign wealth fund 1MDB, the Swiss financial markets watchdog found on Thursday, but no fines or other sanctions were imposed. https://www.thelocal.ch/20171222/watchdog-says-swiss-arm-of-jpmorgan-broke-anti-money-laundering-rules Fri, 22 Dec 2017 09:55:44 +0100 watchdog-says-swiss-arm-of-jpmorgan-broke-anti-money-laundering-rules Geneva prosecutors said on Thursday they have opened a money laundering probe targeting the son of Equatorial Guinea's leader, accused of plundering his country to buy luxuries including a private jet and Michael Jackson memorabilia. https://www.thelocal.ch/20161104/geneva-opens-probe-against-son-of-equatorial-guineas-leader Fri, 04 Nov 2016 09:45:13 +0100 geneva-opens-probe-against-son-of-equatorial-guineas-leader Singapore's central bank on Tuesday said it was kicking out Swiss bank BSI, which has been linked to a global money-laundering scandal at Malaysia's state fund 1MDB that has embroiled Prime Minister Najib Razak. https://www.thelocal.ch/20160524/singapore-throws-out-scandal-hit-swiss-bank Tue, 24 May 2016 10:21:42 +0200 singapore-throws-out-scandal-hit-swiss-bank Switzerland doesn't need to boost financial regulations in the wake of the Panama Papers revelations, finance minister Ueli Maurer told Swiss tabloid Blick on Friday, defending the right of the super rich to park their money offshore. https://www.thelocal.ch/20160408/switzerland-cant-be-more-moral-than-everyone-else-panama-papers Fri, 08 Apr 2016 13:52:20 +0200 switzerland-cant-be-more-moral-than-everyone-else-panama-papers A Swiss financier suspected of money laundering who was on the run in the south of France for two years has been caught playing pétanque. https://www.thelocal.ch/20160401/boules-habit-blows-cover-of-swiss-fugitive Fri, 01 Apr 2016 13:35:02 +0200 boules-habit-blows-cover-of-swiss-fugitive Swiss authorities are investigating a former Russian agriculture minister over suspected money laundering and have frozen assets in connection with the case, Switzerland's top prosecutor said on Wednesday. https://www.thelocal.ch/20151028/bern-probes-ex-russian-minister-for-money-laundering Wed, 28 Oct 2015 18:43:12 +0100 bern-probes-ex-russian-minister-for-money-laundering Switzerland is returning to Brazil $19.4 million seized after a probe into money laundering, the Attorney General's Office (OAG) said on Wednesday. https://www.thelocal.ch/20150415/swiss-return-brazil-cash-seized-in-crime-probe Wed, 15 Apr 2015 19:34:49 +0200 swiss-return-brazil-cash-seized-in-crime-probe Authorities in Bern have frozen around 170 million francs in assets held in Swiss banks by members of the ousted former Ukrainian regime, latest figures show. https://www.thelocal.ch/20140506/frozen-ukrainian-assets-total-170-million-francs Tue, 06 May 2014 13:21:00 +0200 frozen-ukrainian-assets-total-170-million-francs Switzerland will cooperate more closely on fighting money laundering, the Swiss body responsible said on Wednesday, marking a further loosening of bank secrecy a day after the country signed an accord to fight tax evasion. https://www.thelocal.ch/20131016/swiss-reinforce-cooperation-on-money-laundering Wed, 16 Oct 2013 15:55:00 +0200 swiss-reinforce-cooperation-on-money-laundering Five Czech businessmen and a Belgian former International Monetary Fund staffer have been convicted by a Swiss court over a massive corruption scam tied to the privatization of a Czech mining firm. https://www.thelocal.ch/20131011/swiss-court-convicts-six-over-czech-money-laundering-scheme Sat, 12 Oct 2013 01:20:00 +0200 swiss-court-convicts-six-over-czech-money-laundering-scheme A Guatemalan court has ordered the freezing of assets held by ex-president Alfonso Portillo in France, Switzerland and Luxembourg, the nation's top prosecutor says. https://www.thelocal.ch/20130723/ex-guatamelan-presidents-swiss-accounts-frozen Tue, 23 Jul 2013 12:58:00 +0200 ex-guatamelan-presidents-swiss-accounts-frozen A Swiss court has ordered Bern to stop transferring secret banking data to Italy in connection with a money laundering case, according to a ruling published on Monday. https://www.thelocal.ch/20130722/swiss-court-blocks-bank-data-transfer-to-italy-2 Mon, 22 Jul 2013 23:12:00 +0200 swiss-court-blocks-bank-data-transfer-to-italy-2 Switzerland has returned to Brazil $4.8 million stashed in Geneva by a senior judge found guilty of a string of corruption offences. https://www.thelocal.ch/20130709/swiss-return-to-brazil-corrupt-judges-millions Wed, 10 Jul 2013 01:23:00 +0200 swiss-return-to-brazil-corrupt-judges-millions Five Czech citizens and a Belgian are appearing before the federal criminal court in Bellinzona on Monday charged with money laundering and other crimes. https://www.thelocal.ch/20130513/major-money-laundering-case-opens-in-bellinzona Mon, 13 May 2013 14:51:00 +0200 major-money-laundering-case-opens-in-bellinzona Britain on Wednesday said it had fined the British private banking arm of Zurich-based EFG International Group a reduced penalty of £4.2 million ($6.4 million) for failures in its anti-money laundering controls. https://www.thelocal.ch/20130424/britain-fines-swiss-bank-over-laundering-failures Wed, 24 Apr 2013 21:17:00 +0200 britain-fines-swiss-bank-over-laundering-failures Swiss market regulator FINMA says it will monitor all money coming into Switzerland from crisis-hit Cyprus to ensure illegal funds don't sneak into the mix, but it maintains that no special measures are needed yet. https://www.thelocal.ch/20130326/swiss-market-regulator-monitors-cyprus Tue, 26 Mar 2013 18:38:00 +0100 swiss-market-regulator-monitors-cyprus