AML Case Study: Credit Suisse found guilty in money laundering case

AML Case Study: Credit Suisse found guilty in money laundering case – understand what went wrong

Money laundering on calculator
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Global investment bank Credit Suisse and a former employee were found guilty in a Swiss federal criminal court of failing to prevent money laundering, in a case that should serve as a wake up call for Swiss banks and financial institutions worldwide.

In our new series of AML case-study one-pagers, VinciWorks has produced an insightful case study for this incident, which marks the first time a Swiss bank has been subject to such criminal prosecution.

The case study goes through the details of the case, assesses what they did wrong and which red flags should have been raised. Then the study lays out the penalties, and what the risk indicators were. Finally, the guide sets out a postscript telling where the main players are today.

The Credit Suisse case study can provide valuable lessons for financial and other organisations on how to improve their AML compliance, risk management, due diligence, corporate governance, and ethical practices.

Download the case study

Also check out our podcast episode on the Credit Suisse case, part of our podcast series, “The Money Laundering Files”, available both on our website and wherever you get your podcasts.

Check out the VinciWorks podcast

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At a glance: AML ongoing monitoring

Automating the ongoing monitoring process can be the key to an effective and successful AML programme. Our one-page guide to ongoing AML monitoring provides a succinct and informative overview of oingoing monitoring including a definition, tips on how to comply with AML ongoing monitoring regulations, and answers the questions of who needs to be checked during ongoing monitoring, when to do CDD reviews, and what has to be recorded during ongoing monitoring.

Download the one-page guide

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