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Credit Suisse, former employee convicted of money laundering
... it over time, in accordance with evolving regulatory standards, according to the bank. Credit Suisse is committed to creating compliant business growth in line with legal and regulatory requirements. Corruption and Money Laundering experts said that Switzerland had taken legal action against a global banking player like Credit Suisse , which could send a powerful message to a country known for its banking industry. This has the potential to be a watershed moment for Switzerland, Mark Pieth , a ...
Updated: 06/27/2022
Russia's gold ban largely symbolic in gold market
..., the vast majority of Russia's gold was sent to Britain, the world's biggest bullion trade and storage centre. Britain imported $15.2 billion worth of Russian gold last year, according to UK customs data. Russia has sent some gold to countries like Switzerland, Turkey and Kazakhstan in the past few years, according to Russian customs data. Russian gold exports to the West have stopped since February 24. Western governments sanctioned Russia's main gold-trading banks, including VTB , Otkritie and ...
Updated: 06/27/2022
Poland's pm says meeting with tech CEOs at Davos
Poland's prime minister has said that he held meetings with the CEOs of major tech companies in the World Economic Forum in Davos, Switzerland, thanks to which the latest technology and new investments will come to Poland. Poland's prime minister has said that he held meetings with the CEOs of major tech companies in the World Economic Forum in Davos, Switzerland, thanks to which ...
Updated: 06/27/2022
Polish central Bank governor says rate-hike cycle likely
... double-digit pace. Glapinski said that the strength of our economy is a result of the war behind our eastern border and that it's important to maintain strong economic growth with record low unemployment. The World Economic Forum , which started in Davos, Switzerland, is expected to focus on problems caused by the war in Ukraine, the Covid 19 Pandemic, climate change and economic crises.
Updated: 06/27/2022
Swiss court to rule on whether Credit Suisse failed to prevent money laundering
Swiss judges are about to rule on Monday whether Credit Suisse failed to prevent money laundering linked to an alleged gang of cocaine traffickers in Switzerland's first criminal trial of one of its major banks. Swiss judges are about to rule on Monday whether Credit Suisse failed to prevent money laundering linked to an alleged gang of cocaine traffickers in Switzerland's first criminal trial of ...
Updated: 06/27/2022
Infosys moving team of less than 100 people out of Russia
... impact on our client base due to what is going on in Ukraine. We are keeping a clear focus on this. We have strong business in financial services, retail, automotive, pharmaceutical life sciences, and it is spread across many countries, including the UK, Switzerland, Germany in the Nordics, France, and we see the pipeline with those clients in good shape, Parekh said. Infosys gets more than 60 per cent of business from North America, about 25 per cent from Europe, around 11 per cent from India and the ...
Updated: 06/26/2022
Turkey's Erdogan says Finland, Sweden have yet to respond to its concerns
... Complex in Ankara on May 9, 2022. ADEM alTAN AFP ISTANBUL - Turkish President Tayyip Tayyip Erdogan said on Saturday that Turkey's concerns over Finland and Sweden's fears over Finland or Sweden's concerns about Turkey's issues over Finland' concerns over Switzerland Turkish President Recep Tayyip Erdogan speaks at a press conference after a cabinet meeting at the Presidential Complex in Ankara on May 9, 2022. ADEM ALTAN AFP ISTANBUL - Turkish President Recep Tayyip Erdogan said on Saturday that ...
Updated: 06/26/2022
Swiss regulators warn of abuse in crypto markets
Switzerland's top market regulators have called for regulators to take more action to protect consumers from abuse in the freewheeling sector as it increasingly resembles the US stock market of the late 1920s. Switzerland's top market regulators have ...
Updated: 06/25/2022
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