FINMA finds deficiencies in anti-money laundering processes at Credit Suisse LeapRate

September 17, 2018 BY Valentina Kirilova

FINMA finds deficiencies in anti-money laundering processes at Credit Suisse

The Swiss Financial Market Supervisory Authority FINMA has announced that it has concluded two enforcement procedures against Credit Suisse AG (NYSE:CS). In the first procedure, FINMA identified deficiencies in the bank’s adherence to anti-money laundering due diligence obligations in relation to suspected corruption involving the International Federation of Association Football FIFA, the Brazilian oil corporation…

May 03, 2018 BY Valentina Kirilova

MAS issues Prohibition Orders against former representative of Credit Suisse

The Monetary Authority of Singapore (MAS) just informed the public that it has issued a 4-year prohibition orders against Mr Lim Fang Wee. The orders prohibit him from performing any regulated activity under the Securities and Futures Act (SFA) and any financial advisory service under the Financial Advisers Act (FAA), as well as taking part…

October 06, 2016 BY Valentina Kirilova

Credit Suisse paying $90 million penalty for misrepresenting performance metric

The Securities and Exchange Commission (SEC) has announced that Credit Suisse AG has agreed to pay a $90 million penalty and admit wrongdoing to settle charges that it misrepresented how it determined a key performance metric of its wealth management business. A former executive agreed to settle charges that he was a cause of Credit Suisse’s…

Tag: Credit Suisse AG