Disclosure of decades of money laundering by Credit Suisse Bank.
An investigation by the Center for Reporting Crime and Organized Corruption, affiliated with a consortium of 47 media outlets, including the French newspaper Le Monde, has uncovered the secrets of the dirty money of Switzerland’s second largest banking group.
What the media calls the “real world map of international corruption” is the money laundering of tens of billions of euros in criminal or illegal funds that have been carried out by Credit Bank for decades and now leaked.
According to Le Monde, the story concerns 1,800,000 Swiss Credit Bank accounts from the early 1940s to the end of 2010.
According to information leaked from these accounts, Credit Bank has been hosting funds related to organized crime for decades, in violation of the rules of major international banks.
Among the holders of these accounts are the names of super-rich people with distorted profiles, names on international blacklists, as well as unknown personalities, all of whom share dirty money of unknown and questionable origin.
According to the report, the issue in this case is a source of funding worth 100 billion Swiss francs (95 billion euros), which was far-fetched. The documents of these accounts are mostly related to developing countries in Africa, the Middle East, Asia and South America.
Zurich-based Credit Bank Switzerland considers the allegations to be a matter of the past and says that anti-money laundering oversight has been tightened. The bank has ensured that 90% of the accounts in question today are closed and 60% of these accounts belong to before 2015.
Earlier, Reuters reported that the bank officials were on trial for helping a Bulgarian cocaine smuggling gang to launder millions of euros, part of which was poured into several suitcases.
