https://sputnikglobe.com/20230323/us-reportedly-probing-whether-credit-suisse-ubs-aided-russia-to-evade-sanctions-1108737360.html
US Reportedly Probing Whether Credit Suisse, UBS Aided Russia to Evade Sanctions
US Reportedly Probing Whether Credit Suisse, UBS Aided Russia to Evade Sanctions
Sputnik International
The US Justice Department is reportedly investigating whether Credit Suisse, UBS and other banks helped Russian businessmen evade the United States-imposed sanctions against Russia.
2023-03-23T22:41+0000
2023-03-23T22:41+0000
2023-03-23T22:39+0000
economy
credit suisse group ag
ubs
justice department
us sanctions
russia
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US media said the investigation began before UBS proposed to take over Credit Suisse, which was on the verge of collapsing. The Justice Department also reportedly issued subpoenas to employees of several major US banks. Insiders have stated that the department is focused on uncovering which bank employees dealt with sanctioned clients and how these clients were vetted over the last several years. The Justice Department may deepen its investigation if it finds the bankers broke any laws.Credit Suisse declined to comment on the matter and UBS did not respond to a request for comment, the report said.
https://sputnikglobe.com/20230320/what-happened-with-credit-suisse-and-why-is-ubs-buying-it-1108613201.html
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us, us justice department, credit suisse, ubs, sanctions, russia
us, us justice department, credit suisse, ubs, sanctions, russia
US Reportedly Probing Whether Credit Suisse, UBS Aided Russia to Evade Sanctions
WASHINGTON (Sputnik) - The US Justice Department is reportedly investigating whether Credit Suisse, UBS and other banks helped Russian businessmen evade the United States-imposed sanctions against Russia.
US media said the investigation began before UBS proposed to take over Credit Suisse, which was on the verge of collapsing.
The Justice Department also reportedly issued subpoenas to employees of several major US banks. Insiders have stated that the department is focused on uncovering which bank employees dealt with sanctioned clients and how these clients were vetted over the last several years.
The Justice Department may deepen its investigation if it finds the bankers broke any laws.
Credit Suisse declined to comment on the matter and UBS did not respond to a request for comment, the report said.
