Tag: Money laundering
Money laundering – EU puts pressure on Switzerland – economy
After revelations about lax money laundering controls in Switzerland, the EU Commission is demanding further reforms from the government in Bern. This emerges from a letter from Financial Markets Commissioner…
Commerzbank faces fines: Who are our customers? – Economy
It is part of the canon of duties of every bank, and last but not least the Russia sanctions show again how important this exercise is: “Know your customers” or…
Sanctions against oligarchs: Britain hesitates – economy
There is, for example, Igor Shuvalov. His name has been on the EU sanctions list for a week. Rationale: The former Russian Deputy Prime Minister “supports actions and policies that…
Sanctions against Russian oligarchs: EU delivers, London hesitates
There is, for example, Igor Shuvalov. His name has been on the EU sanctions list for a week. Rationale: The former Russian Deputy Prime Minister “supports actions and policies that…
Suisse Secrets: Sharp criticism from Switzerland – economy
Jörg Gasser, the head of the Swiss Bankers Association, has sharply criticized the Suisse Secrets research. The reports by the research association about the SZ are “inaccurate and one-sided,” Gasser…
Oligarchs in London: British government abolishes “golden visas” – Economy
The British capital has long been considered a safe haven for Russian oligarchs. But now that the Ukraine crisis is escalating, London is suddenly abolishing “golden visas” for foreign investors.…
Money laundering – Credit Suisse accused – Economy
Credit Suisse is the first major bank to be in the dock of the Swiss Federal Criminal Court. Prosecutors accuse the institute and a former employee of money laundering for…
Why the EU Commission wants to ban high cash payments – economy
Cash is true, this is especially true in Germany. The Germans comparatively like to pay with bills and coins and rarely use cards or even their cell phones, like international…
UBS fined billions in France – economy
It was actually pretty quiet recently at UBS, the number one in the Swiss financial center. Hardly any scandals, mostly good news. For the third quarter of 2021, for example,…
Why the EU underestimates money laundering – economy
Suddenly what was previously secret was public. In October, the International Consortium of Investigative Journalists (ICIJ) published together with 600 journalists worldwide, including colleagues from Süddeutsche Zeitungwho have favourited “Pandora…