الجمعة، مارس 8 مارس 2024
Swiss authorities convict BSI Bank for severe breaches in money laundering regulations amidst the 1MDB scandal, imposing a CHF 4.5 million fine.
The Office of the Attorney General of Switzerland (OAG) has convicted the bank BSI of serious violations of money laundering regulations in the corruption scandal surrounding the Malaysian sovereign wealth fund 1MDB.
Two subsidiaries of the fund have appealed against the penalty order. The Federal Criminal Court must now deal with the case.
The Office of the Attorney General of Switzerland confirmed on Thursday to the Keystone-SDA news agency an article on the 1MDB case published by the online news site “Gotham City”.
The investigation by the authority revealed that BSI had not taken all the necessary organisational measures to prevent the crime of repeated and serious money laundering in the period from August 2010 to June 2014, the Office of the Attorney General of Switzerland was quoted as saying in the report.
According to the verdict handed down on January 11 after a six-year investigation, the Office of the Attorney General of Switzerland has imposed a fine of CHF 4.5 million on the BSI bank.
In contrast to the two 1MDB subsidiaries, BSI has accepted the verdict, according to the Gotham City report. The violations of money laundering regulations were committed by several of the bank’s employees, in particular by two employees based in the Singapore office.
The Ticino-based bank BSI (formerly Banca Svizzera Italiana) was acquired by the EFG International banking group in 2016.
©كيستون/إسدا
Arabic 
English 
German 
French 
Spanish