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Swiss Prosecutor Sees Millions Laundered Via Credit Suisse

  • Illicit transfers constitute aggravated laundering: prosecutor
  • Credit Suisse says former manager acted alone; didn’t launder
The Credit Suisse Group AG headquarters in Zurich.

The Credit Suisse Group AG headquarters in Zurich.

Photographer: Stefan Wermuth/Bloomberg
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A prosecutor has identified more than $60 million that he believes was laundered through Credit Suisse Group AG, in the precursor to what would be just the second Swiss criminal indictment ever against a major local lender.

Geneva’s top financial-crime prosecutor, Yves Bertossa, identified a series of 8 transactions the bank failed to prevent  between 2008 and 2014 at a hearing last week, which he said constituted aggravated money laundering by the Swiss lender, according to people familiar with the investigation.