Swiss Bank Indicted for Mozambique Money Laundering

Swiss authorities indict former Credit Suisse official for alleged money laundering, involving Mozambique state companies and over $2 billion in loans. Bank faces charges for insufficient prevention efforts. Indictment focuses on $7.9 million transfer, allegedly laundered through UAE accounts. Compliance officer accused of negligence, UBS, successor, also charged. UBS denies liability, plans to defend position. The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.