Banks hold tens of billions of dollars of fraudulent wealth, primarily following leaks by insiders of records of approximately 18,000 account holders from developing countries in Africa, the Middle East, Asia and South America. I refuse the allegation that I am.
Credit Suisse banks are still upset after losing billions of dollars last year, processing billions of dollars of dirty money over decades, international research claims.
A cross-border media survey argued that Switzerland’s second-largest bank held tens of billions of dollars in fraudulent funds on Sunday. This is due to a large data breach by insiders.
Credit Suisse rejected “claims and hints” in a statement, stating that many of the issues raised were historic, some dating back to the 1940s.
The investigation, coordinated by the Organized Crime and Corruption Reporting Project (OCCRP), integrates 47 different media around the world, including France. Lemond And the British Guardian.
This latest project, called “Swiss Leaks” by OCCRP, resulted from a data breach in Germany. Suddeutsche Zeitung A newspaper a little over a year ago.
Lemond According to newspapers, according to a survey, Credit Suisse has ignored international banking rules by holding funds related to crime and corruption for decades.
Future plans: Leakage records of 18,000 bank accounts with over $ 100 billion in assets.
OCCRP and 47 other media have been working on one of the world’s largest surveys on the shadowy world of Swiss banking.
— Organized Crime and Corruption Reporting Project (@OCCRP) February 20, 2022
According to OCCRP, the leak contained information about more than 18,000 bank accounts belonging to 37,000 individuals or businesses from the 1940s to the 2010s.
He added that it was the biggest leak ever from a major Swiss bank.
The bank said in its statement: “Credit Suisse strongly rejects his claims and hints about banking practices.
“The issues presented are largely historical and in some cases date back to the 1940s. The explanations for these issues are based on out-of-context partial, inaccurate, or selective information. Brings a trendy interpretation of a bank’s business conduct.
He added that about 90 percent of the reviewed accounts were closed-or were in the process of being closed-before the press approached the bank. And more than 60 percent of them were closed before 2015.
In a statement on its website, OCCRP believes that “the dozens of examples we have cited raise serious questions about the effectiveness of Credit Suisse and its commitment to fulfilling its responsibilities.” It states.
As a result of the investigation, dozens of “suspicious characters” were found in the data.
According to Le Monde, the amount identified in the leaked account is over $ 100 billion.
They mainly involve developing countries in Africa, the Middle East, Asia and South America. Only 1% of accounts were related to clients based in Western Europe.
A series of setbacks
The international investigation is the latest in a series of setbacks that Credit Suisse has recently suffered.
In March 2021, banks were hit by the collapse of Greensill Capital, which invested about $ 10 billion through four funds. The collapse of the US fund Arquegos cost more than $ 5 billion.
And in Switzerland, a former Credit Suisse employee is one of the defendants in a large-scale corruption trial that has just begun on charges of money laundering and organized crime in Bulgaria. The bank said, “We will protect ourselves vigorously in court.”
News media involved in the investigation of the Swiss Leaks include the New York Times in Italy La StampaUncensored Africa in Kenya and Argentina Lanacion..
https://www.trtworld.com/business/swissleaks-probe-claims-credit-suisse-bank-held-dirty-money-for-decades-54959?utm_source=other&utm_medium=rss A “Swiss Leaks” study claims that Credit Suisse banks have held “dirty money” for decades.