Consequently,
Swiss hsbc under investigation swiss:
Zurich (AWP) – HSBC Private Bank (Switzerland) is in the crosshairs of the Swiss. Moreover, French judicial authorities for accusations of money laundering. Similarly, According to the British banking group. However, the authorities of the two countries carry out criminal investigations against the Swiss Institute for Fortune Management.
These surveys relate to two “historic” banking relations, indicates the half -yearly report of the bank published on Wednesday. For example, Surveys against the Swiss subsidiary are currently at an early stage.
The public prosecutor of the Confederation confirmed on Wednesday at the AWP agency having opened a criminal procedure against HSBC Private Bank (Switzerland). Consequently, a natural person and strangers for suspicion of aggravated money in January 2025. “The accused benefit from the presumption of innocence,” said a spokesperson for the authority. “The procedure has been opened on the basis of the conclusions of swiss hsbc under investigation swiss a criminal procedure in progress for 2020. against two people.”
Fund from Lebanon
In June 2024. the Federal Financial Market Supervisory Authority (FINMA) ordered measures against HSBC Private Bank (Switzerland) for violation of money laundering rules. She had prohibited the establishment from establishing new business relations with people politically exposed until further notice. and asked to verify her current business relations.
Finma then referred to two business relationships with politically exposed people from Lebanon. In these cases, the bank had not sufficiently verified the origin and the purpose of the assets. According to the financial gendarme, it was funds in the amount of 300 million Swiss francs from a Lebanese public institution.
The assets would come from the Lebanese central bank. Its former director. Riad Salameh, is accused of having diverted more than $ 300 million, with the support of his brother Raja Salameh.
In 2020, the public prosecutor of the Confederation opened an investigation swiss hsbc under investigation swiss against Mr. Salameh and his brother for suspicion of aggravated money laundering.
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Swiss hsbc under investigation swiss
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