Swiss prosecutors launch case over Credit Suisse dirty money data leak – reports

This post was originally published on this site

The leak covered more than 18,000 accounts, including human rights abusers, fraudsters and businessmen subject to sanctions, thereby plunging Switzerland’s biggest bank into a dirty money scandal.

The accounts, which were held from the 1940s to the 2010s, were leaked last February to Germany’s Sueddeutsche Zeitung, which shared it with media organisations worldwide.

The identity of the person or organisation responsible for the leak remains unknown.

Prosecutors launched the case, for violation of banking secrecy laws and damage caused to Credit Suisse, after receiving a formal complaint, Swiss daily Tagesanzeiger reported.

That newspaper and others cited sources as saying the bank, which is working to revive its fortunes after a series of scandals and heavy losses, was the complainant.

Asked whether Credit Suisse had submitted the complaint, a spokeswoman said the bank did not comment on ongoing proceedings.

Spokespeople for federal prosecutors did not immediately respond to a request for confirmation that proceedings in the case were active.