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Credit Suisse probed over leaked accounts.

 Swiss pro­sec­utors have opened a crim­inal probe into the leak of thou­sands of account details at Credit Suisse last

Credit Suisse

year, in a case that is likely to have a chilling effect on whis­tleblow­ing in the secret­ive alpine coun­try.

Switzer­land’s Fed­eral pro­sec­utor said yes­ter­day it was invest­ig­at­ing pos­sible cor­por­ate espi­on­age and breaches of the coun­try’s bank­ing secrecy laws in rela­tion to an inter­na­tional invest­ig­a­tion by a con­sor­tium of journ­al­ists into dirty money last Feb­ru­ary.
A series of art­icles pub­lished by organ­isa­tions includ­ing the Süd­deutsche Zei­tung, The New York Times, The Guard­ian and Le Monde, under the tagline «Suisse Secrets», claimed to expose accounts at Credit Suisse hold­ing bil­lions of dol­lars on behalf of crim­in­als and inter­na­tional human rights abusers.
The leak, which in total covered inform­a­tion on more than 18,000 Credit Suisse accounts, was the single biggest in Swiss bank­ing his­tory.
Bank Secrecy Act if they dis­close, dis­sem­in­ate or pub­lish inform­a­tion on the cli­ents of Swiss banks. There is no pub­lic interest exemp­tion.
The bank said yes­ter­day that Credit Suisse «could not com­ment on ongo­ing legal pro­ced­ures».
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Comments

  1. Tim4 February 2023 at 13:57

    I wonder why they waited this long to do this. It was clear that things were and are not in order at Credit Suisse.

    ReplyDelete
    Replies
    1. Bradley4 February 2023 at 15:21

      You might be right and they are trying to hide something and/or protect some people (from the bank and clients of the bank). That could be the case or they just didn't have enough evidence to open the case against CS.

      Delete
    2. Martin4 February 2023 at 15:44

      @Bradley That seems to be the case. Lots of shady people use swiss banks to do their dirty work and unfortunately, there are lots of people who protect them. Let's see what prosecutors discover.

      Delete
    3. Bradley4 February 2023 at 16:33

      @Martin I don't have high hopes something major will happen because CS has already had plenty of time to cover their tracks and make sure the really bad things they did aren't easily available.

      Delete

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