Credit Suisse Said to Face Money-Laundering Probe in Italy

  • Bank also said to be probed for tax evasion in Milan case
  • Bank says business has clear rules, focused on declared assets

Milan prosecutors are investigating Credit Suisse Group AG on suspicion of money laundering and tax evasion over billions of euros of insurance policies sold Italian clients and used to shield funds from authorities, people with knowledge of the case said.

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