The objective was then to put an end to the lawsuits linked to loans to state-owned companies in Mozambique, officially to finance patrol and tuna fishing vessels, but which concealed a vast system of corruption from those close to power. Opaque and illegal activities Even more serious for the bank's reputation, these operational failures were compounded by a series of large.
In 2020, the bank was accused of having financed a Bulgarian drug cartel and on June 27, 2022 even became the first major bank to be convicted of criminal proceedings by the Federal Criminal Court. In February 2022, the Organized Crime and Corruption Reporting Project (OCCRP), a consortium of 47 media, including Le Monde and the New York Times , published an investigation called Suisse secrets based on data transmitted by a whistleblower to the quotient German Suddeutsche Zeitung. This investigation reveals canada phone number list the illegal activities carried out by the bank to cover vast money laundering operations on behalf of dictators and corrupt politicians, large fortunes of illicit origin, private or legal persons hit by international sanctions, even criminal or mafia networks.
Credit Suisse no doubt believed itself protected ad vital meterman by the sacrosanct Swiss banking secrecy , enshrined in law in 1934 and which explicitly punished anyone who divulged confidential information with imprisonment. But in 2009, under American pressure , Federal Councilor Hans-Rudolf Merz announced the end of this banking secrecy , which had long served as an infallible commercial argument for Swiss banks.
