Based on data from over 18,000 hosted bank accounts from the early 1940s through the late 2010s, theOrganized Crime and Corruption Reporting Project (OCCRP), a consortium of 47 media including The world, The Guardianthe Miami Herald or The Nationasserts that the financial institution has
hosted funds linked to crime and corruption for several decadesaccording to the daily The world.
in defiance of the due diligence rules imposed on major international banksadds the daily.
including at least eight billion related to customers identified as problematicensures The world.
In the evening, Credit Suisse reacted strongly to these accusations via a press release, saying that the data studied are
partial, inaccurate, or taken out of context, resulting in misrepresentation of business conduct by the bank.
90% of the accounts concerned are now closed, including more than 60% before 2015assures the bank, which also specifies
lead the investigation regarding the data leak.
For the media of the consortium, however, the practices highlighted are still current within the bank and directly involve the staff of Credit Suisse.
Worse, Le Monde adds that several media within the
wealthy clients seeking discretion were offered tools to open an account anonymously, and even the establishment of holding companies with nominees and conglomerates, a way to replace anonymous numbered accounts, a practice of opacification in the process of disappearing in Switzerland.
Africa, Middle East, Asia…
Of those listed in the data in the hands of theOCCRPSthe vast majority come from developing countries: in Africa, the Middle East, Asia and South America and customers domiciled in Western Europe represent only 1% of the total, specifies the newspaper.
Appear in particular King Abdallah II of Jordan or Kazakh President Kassym-Jomart Tokaïev but also officials from several Arab countries
who took large sums of money out of their country during the “Arab Springs”details the daily.
Credit Suisse, number two in the Swiss banking sector, has been rocked by a series of scandals over the past year. In March, the bank was shattered by the bankruptcy of the financial company Greensill, in which some $12 billion had been committed through four funds, then by the implosion of the American fund Archegos which cost some $6 billion. dollars in the bank.
In October, it was also seen inflicting 605 million dollars in penalties by the American and British authorities for its loans to state-owned companies in Mozambique, which had found themselves at the heart of a corruption scandal.
Its new president, Antonio Horta-Osório, elected at the end of April in the midst of the turmoil, had launched a reorganization of the bank’s activities with the aim of putting risk management back at the heart of the bank’s culture.
But this Portuguese banker, who had forged a solid reputation for having turned around the British bank Lloyds, was himself splashed by press revelations in December concerning quarantine rules which he had broken.
In mid-January, he had resigned, handing over to Axel Lehmann, a Swiss banker recognized for his expertise in risk management, who had joined the board of directors in October.
At the beginning of February, a trial also opened before the Federal Criminal Court of Bellinzona, in the Italian-speaking part of Switzerland, around a Bulgarian criminal organization.