Sun, December 1, 2024
[ Sun, Dec 01st 2024 ]: Bill Williamson
The BIBF and Tamkeen launch Sales Graduate Development Programme for Bahraini job seekers
[ Sun, Dec 01st 2024 ]: Bill Williamson
RevFin eyes financing 2 mn vehicles, Rs 20k cr loan payment in 5 yrs: CEO
[ Sun, Dec 01st 2024 ]: Bill Williamson
5-Day Working Week For All Bank Employees Likely From December
[ Sun, Dec 01st 2024 ]: Bill Williamson
Can you exceed your credit card limit? Pros, cons, and tips to manage it
Sat, November 30, 2024
[ Sat, Nov 30th 2024 ]: Bill Williamson
Investing With Friends and Family: 4 Dos and 3 Don'ts
[ Sat, Nov 30th 2024 ]: Bill Williamson
CBDT extends income tax return filing deadline for FY24 to Dec 15
[ Sat, Nov 30th 2024 ]: Bill Williamson
A boomer moved to Panama so her retirement would .. ing to find a job and her dream is slipping away.
[ Sat, Nov 30th 2024 ]: Bill Williamson
December horoscope 2024: Know about career, health & relationship for your zodiac sign
[ Sat, Nov 30th 2024 ]: Bill Williamson
Universal healthcare - lessons from the past
[ Sat, Nov 30th 2024 ]: Bill Williamson
'Not exactly a political powerhouse': Conservativ .. left scratching their heads at Trump's labor pick
[ Sat, Nov 30th 2024 ]: Bill Williamson
Tax Software vs a Tax Professional: Which Should You Choose?
[ Sat, Nov 30th 2024 ]: Bill Williamson
Vietnam approves $67 billion high-speed railway project between Hanoi and Ho Chi Minh city
[ Sat, Nov 30th 2024 ]: Bill Williamson
India Inc thrilled over FinMin's proposal to hike FDI limit in insurance sector to 100%
[ Sat, Nov 30th 2024 ]: Bill Williamson
French finance minister says budget can still be improved
[ Sat, Nov 30th 2024 ]: Bill Williamson
Unlocking Africa's Economic Potential: Sean Micha .. Role Of Decentralized Edge And Quantum Computing
[ Sat, Nov 30th 2024 ]: Bill Williamson
TVS Holdings receives RBI approval for acquisitio .. change in management of Home Credit India Finance
[ Sat, Nov 30th 2024 ]: Bill Williamson
FM Sitharaman urges regional rural banks to onboa .. digital services like mobile banking by Dec 2024
[ Sat, Nov 30th 2024 ]: Bill Williamson
JSW MG surges in sales: Is this the disruption electric car market needs?
[ Sat, Nov 30th 2024 ]: Bill Williamson
Real estate query: Leasehold vs Freehold Property .. at's the difference and which is more beneficial?
[ Sat, Nov 30th 2024 ]: Bill Williamson
Ripple poised for New York approval of stablecoin, set to enter regulated US crypto market
[ Sat, Nov 30th 2024 ]: Bill Williamson
Cyprus Business Now: tourism performance, government surplus, SME funding
[ Sat, Nov 30th 2024 ]: Bill Williamson
Tax Query: Long and short of residential capital gains tax
[ Sat, Nov 30th 2024 ]: Bill Williamson
Meet 9 influential Africans - Report
[ Sat, Nov 30th 2024 ]: Bill Williamson
Lombard Odier indicted in Switzerland for money laundering
[ Sat, Nov 30th 2024 ]: Bill Williamson
Help! I have a job and side hustle making Sh82,000 per month, yet I live hand-to-mouth
[ Sat, Nov 30th 2024 ]: Bill Williamson
18 Indian billionaires who built their wealth in Africa
Fri, November 29, 2024
[ Fri, Nov 29th 2024 ]: Bill Williamson
Uganda government to wholly finance $4 billion oil refinery through equity
[ Fri, Nov 29th 2024 ]: Bill Williamson
No TDS on cash withdrawal by foreign representations from Dec 1: Income Tax department
[ Fri, Nov 29th 2024 ]: Bill Williamson
Meet Top 10 Companies Revolutionizing the Market and Transforming Their Sectors
[ Fri, Nov 29th 2024 ]: Bill Williamson
Jack Ma returns to Alibaba campus, as China moves to boost business confidence
[ Fri, Nov 29th 2024 ]: Bill Williamson
Turnarounds uncertain at Macy's, Kohl's, Nordstrom as department stores enter the holiday season
[ Fri, Nov 29th 2024 ]: Bill Williamson
Nigeria and France sign infrastructure and finance deals
[ Fri, Nov 29th 2024 ]: Bill Williamson
Dubai unveils major new strategies for innovation, resilience and food security
[ Fri, Nov 29th 2024 ]: Bill Williamson
India Q2 FY25 GDP Growth Data 2024 updates Live: Economic growth slows to 5.4%
[ Fri, Nov 29th 2024 ]: Bill Williamson
Adani saga a week on: market cap loss, negative outlook, cancelled deals & a fightback by group
[ Fri, Nov 29th 2024 ]: Bill Williamson
GDP report: international business powers island's economy
[ Fri, Nov 29th 2024 ]: Bill Williamson
NBK-Egypt reports $104.8mln in net profit by the end of Q3 2024
[ Fri, Nov 29th 2024 ]: Bill Williamson
US business community calls for deeper China-US economic ties
[ Fri, Nov 29th 2024 ]: Bill Williamson
Breaking barriers in finance: How ATME is set to .. ne regional capital markets with RWA tokenisation
[ Fri, Nov 29th 2024 ]: Bill Williamson
15 up-and-coming AI-powered fintech startups, according to top VCs
[ Fri, Nov 29th 2024 ]: Bill Williamson
CreditAccess Grameen raises approx Rs 390 crore in co-financing from DEG and Citi
[ Fri, Nov 29th 2024 ]: Bill Williamson
EPFO's Central Board of Trustees to meet on Novem .. veral investment related decisions to be taken up
[ Fri, Nov 29th 2024 ]: Bill Williamson
ERP vs CRM: Understanding the Key Differences
[ Fri, Nov 29th 2024 ]: Bill Williamson
I put my dreams on hold for a stable career in fi .. 6-figure salary to move to Hawaii and start over.
[ Fri, Nov 29th 2024 ]: Bill Williamson
Zenith Bank Expands Global Footprints With Paris Branch Launch
[ Fri, Nov 29th 2024 ]: Bill Williamson
CreditAccess Grameen enters into co-financing arrangement with DEG and Citi
[ Fri, Nov 29th 2024 ]: Bill Williamson
ESAF Small Finance Bank facing significant asset quality stress, mainly in Tamil Nadu and Kerala
[ Fri, Nov 29th 2024 ]: Bill Williamson
Lombard Odier indicted in Switzerland over money laundering

Lombard Odier indicted in Switzerland for money laundering

Lombard Odier, a Swiss private bank, has been indicted by Swiss authorities for failing to adequately monitor accounts linked to a notorious Russian money laundering network. The bank is accused of not properly checking the origins of funds deposited by clients connected to the "Magnitsky case," a major scandal involving the embezzlement of $230 million from the Russian treasury. The indictment claims that Lombard Odier did not take sufficient measures to prevent money laundering between 2007 and 2010, despite red flags raised by the activities of these clients. The bank has stated that it takes its anti-money laundering responsibilities seriously and will defend itself against the charges. This case highlights ongoing scrutiny of Swiss banks' compliance with international anti-money laundering standards.

Read the Full Reuters Article at:
[ https://www.reuters.com/business/finance/lombard-odier-indicted-switzerland-over-money-laundering-2024-11-29/ ]


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[ Fri, Nov 29th 2024 ]: Bill Williamson