Four bankers who assisted a close associate of Russian President Vladimir Putin in transferring millions of dollars through Swiss bank accounts have been found guilty of failing to perform due diligence in financial transactions.
The four individuals were convicted on Thursday for aiding Sergey Roldugin, a concert cellist who has been referred to as “Putin’s wallet” by the Swiss government.
The executives, three of whom are Russian and one Swiss, helped Roldugin, who is the godfather of Putin’s eldest daughter, Maria, deposit millions of francs in Swiss bank accounts between 2014 and 2016.
The men, who cannot be identified under Swiss reporting restrictions, were found guilty at a hearing at Zurich District Court and were given fines totaling 741,000 Swiss francs ($809,000).
In Switzerland, banks are required to reject or terminate business relationships if there are doubts about the identity of the contracting party.
A spokesman…
2023-03-30 10:40:35
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