#Latest news with #SwissregulatorBloomberg14-05-2025BusinessBloombergJulius Baer to Pay $5 Million After Swiss Money Laundering ProbeJulius Baer Group Ltd. has been ordered to hand over 4.4 million Swiss francs ($5.2 million) including profits that may have been earned unlawfully, after the Swiss regulator Finma found serious failings related to money laundering. The Zurich-based bank had been under investigation over transactions that had occurred between 2009 and 2019 and linked to operations in Monaco and Singapore, according to a person familiar with the matter.
Bloomberg14-05-2025BusinessBloombergJulius Baer to Pay $5 Million After Swiss Money Laundering ProbeJulius Baer Group Ltd. has been ordered to hand over 4.4 million Swiss francs ($5.2 million) including profits that may have been earned unlawfully, after the Swiss regulator Finma found serious failings related to money laundering. The Zurich-based bank had been under investigation over transactions that had occurred between 2009 and 2019 and linked to operations in Monaco and Singapore, according to a person familiar with the matter.
14-05-2025
