A leak from Swiss bank Credit Suisse has revealed that it provides services to customers involved in torture, drug trafficking, money laundering, corruption and other serious crimes.
parent journalist Kalina Makortoff And David Pegg To tell Michael Safdie That leak points to widespread failures of due diligence by Credit Suisse, despite decades of repeated promises to clear suspicious customers and illicit funds.
A vast repository of banking data was leaked by an unknown whistleblower to the German newspaper Sudeutsch Zeitung. The Guardian is part of a consortium of media outlets that have been given exclusive access.
The bank said the allegations were largely historical, in some instances at a time when “the laws, practices and expectations of financial institutions were very different from where they are now”.
But while some accounts at the date of the leaks date back to the 1940s, many were still uncovered well into the last decade, and a portion is still uncovered today.
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