{"id":36626,"date":"2022-06-27T17:48:47","date_gmt":"2022-06-27T17:48:47","guid":{"rendered":"https:\/\/omni48.com\/news\/credit-suisse-found-guilty-fined-2-1m-in-cocaine-money-laundering-case"},"modified":"2022-06-27T17:48:47","modified_gmt":"2022-06-27T17:48:47","slug":"credit-suisse-found-guilty-fined-2-1m-in-cocaine-money-laundering-case","status":"publish","type":"post","link":"https:\/\/omni48.com\/news\/credit-suisse-found-guilty-fined-2-1m-in-cocaine-money-laundering-case","title":{"rendered":"Credit Suisse found guilty, fined $2.1M in cocaine money laundering case"},"content":{"rendered":"<p>June 27 (UPI) &#8212; Credit Suisse, one of the world&#8217;s leading financial services providers, said on Monday it will appeal a decision made by Swiss criminal court that the bank and an employee helped a Bulgarian crime ring leader launder cocaine trafficking funds.The court said Credit Suisse did not go far enough in curtailing the illegal activity of the crime ring, allowing the group to hide millions in ill-gotten profits and move tons of cocaine through Europe. The court fined Credit Suisse $2.1 million along with ordering it to pay another $20 million to the Swiss government. The financial services company said the cases date back to 2007 and 2008.&#8221;The investigation dates back more than 14 years,&#8221; Credit Suisse said in a statement. &#8220;The bank will appeal the decision.&#8221;&#8221;Credit Suisse is continuously testing its anti-money laundering framework and has been strengthening it over time, in accordance with evolving regulatory standards. Generating compliant business growth in line with legal and regulatory<\/p>\n","protected":false},"excerpt":{"rendered":"<p>June 27 (UPI) &#8212; Credit Suisse, one of the world&#8217;s leading financial services providers, said on Monday it will appeal a decision made by Swiss criminal court that the bank<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1,10],"tags":[8],"class_list":["post-36626","post","type-post","status-publish","format-standard","hentry","category-news","category-public-safety","tag-public-safety"],"acf":[],"_links":{"self":[{"href":"https:\/\/omni48.com\/api\/wp\/v2\/posts\/36626","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/omni48.com\/api\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/omni48.com\/api\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/omni48.com\/api\/wp\/v2\/comments?post=36626"}],"version-history":[{"count":0,"href":"https:\/\/omni48.com\/api\/wp\/v2\/posts\/36626\/revisions"}],"wp:attachment":[{"href":"https:\/\/omni48.com\/api\/wp\/v2\/media?parent=36626"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/omni48.com\/api\/wp\/v2\/categories?post=36626"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/omni48.com\/api\/wp\/v2\/tags?post=36626"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}