Accounts belonged to cellist friend of Russian leader Read more at straitstimes.com.
ZURICH – Four bankers who helped a close friend of Russian President Vladimir Putin move millions of francs through Swiss bank accounts have been convicted of failing to perform due diligence in financial transactions.a concert cellist who has been dubbed “Putin’s wallet” by the Swiss government.
In Switzerland, banks are obliged to reject or terminate business relationships if there are doubts about the identity of the contracting party. Judge Sebastian Aeppli said it was not possible to establish the real owner of the funds, but the bankers had failed in their duty to conduct due diligence and check.
It was only in February 2022 that Mr Roldugin said he was the owner, but still did not provide the documents requested in 2016.Further investigations should have been conducted because of the amount of assets involved, which was more than 10 million Swiss francs, the judge said.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Swiss continue strong start to Euro qualifiers with 3-0 win over IsraelGENEVA : Switzerland continued their convincing start to the Euro 2024 qualifiers with a 3-0 home win over Israel on Tuesday on the back of a 5-0 success away against Belarus at the weekend.Ruben Vargas put them 1-0 ahead at halftime and Zeki Amdouni and Silvan Widmer added two more goals soon after the b
Read more »
2 men, 1 woman arrested for allegedly selling, renting their bank accounts to criminal syndicatesTwo men and a woman, aged between 20 and 30, have been arrested for their suspected involvement in perpetrating various scams, the police said in a statement. Read more at stomp.straitstimes.com
Read more »
Roadside bomb attack by Pakistan Taliban kills four policePakistan has witnessed rising attacks by Tehreek-e-Taliban Pakistan (TTP) since the Afghan Taliban retook Kabul in 2021. Read more at straitstimes.com.
Read more »
Patek Philippe debuts new Grandmaster Chimes, Aquanauts, Calatravas and moreThe Swiss watchmaker unveiled 17 new models at Watches & Wonders 2023. Here are some highlights.
Read more »
FTX founder Bankman-Fried charged in US with bribing Chinese officialsBankman-Fried is accused of sending US$40 million (S$53 million) in cryptocurrency to get accounts unfrozen. Read more at straitstimes.com.
Read more »
Manchester to host Davis Cup Finals groupLONDON : Manchester will host one of the groups in the Davis Cup Finals in September, the Lawn Tennis Association confirmed on Tuesday.Four groups will be staged in four different cities with eight teams advancing to the knockout rounds in Malaga.Britain, who last won the title by beating Belgium i
Read more »