Swiss federal prosecutors are seeking more than 42 million francs ($45 million) in compensation from Credit Suisse Group AG, stemming from a 14-year investigation into the lender’s alleged failure to prevent money laundering by a Bulgarian drug ring.
Switzerland’s federal criminal court unveiled the charges in a 500-page document that alleged the bank suffered from “serious organizational shortcomings” in preventing money laundering, according to a report published Sunday by SonntagsZeitung.
