Credit Suisse faces criminal charges over money-laundering for cocaine cartel ...News

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Credit Suisse faces criminal charges over money-laundering for cocaine cartel
The Swiss prosecutor has filed an indictment against the country’s second-largest bank for failing to tackle money-laundering practices connected to drug trafficking by a Bulgarian criminal syndicate. Credit Suisse is accused of “failing to take all the organizational measures that were reasonable and required to prevent the laundering of assets belonging to and under the control of the criminal organization,” according to a statement by the Office of the Swiss Attorney General. The criminal cartel, reportedly established by a top Bulgarian wrestler, was embroiled in international sales of cocaine and large-scale money laundering of pr

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