Credit Suisse Found Guilty of Corporate Crime

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The Swiss bank, Credit Suisse, now has the notorious distinction of being the first domestic bank to ever been found guilty of a corporate crime by Swiss authorities.

The crime?

The Swiss bank was found guilty of failing to stop money laundering by a Bulgarian crime ring.

Many banks have been under scrutiny for failing in their anti-money laundering practices, so it’s not something new.

But you would think they would be more serious despite the hefty fines.

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