Investigation claims Credit Suisse handled $8 billion in dirty money

Credit Suisse, Switzerland’s second largest bank, was rocked by a major investigation into dozens of media platforms on Sunday. The investigation looked at leaked data that suggested the bank held more than $8 billion in accounts owned by criminals, autocrats and human rights abusers.

The leaked “Suisse Secrets” document, which aims to reveal how Credit Suisse handled billions of dollars in dirty money, has reignited pressure on the Swiss financial sector, which has been trying to improve its image for years. Visit

According to leaked secret documents, Credit Suisse allegedly entered into banking transactions with high-risk customers despite significant warning signals. Even when the bank promised to take action against illegal money, the problem remained.

Hundreds of shady consumers, including politicians, have been identified by journalists. People from all over the world have been exposed, beginning in the 1940s and continuing through the present decade.

Today the Organized Crime and Corruption Reporting Project (OCCRP), the Süddeutsche Zeitung, The Guardian and 45 other media published the investigations of Suisse Secrets. It revealed previously unknown breaches, dubious customers and the amount of dirty money being processed by Credit Suisse, one of Switzerland’s largest banks.

In the wake of yet another major banking scandal, governments around the world must urgently take action against these professional financial crime accomplices.

Credit Suisse Bank’s response to these allegations.

The bank firmly denied the “claims and allegations” made by the Organized Crime and Corruption Reporting Project, a non-profit media organization (OCCRP).

Credit Suisse denied the allegations and stated that it had carried out all necessary procedures in the case of flagged accounts.

According to the statement, many of the issues raised in the investigation were older, some dating back more than 70 years. Ninety percent of the accounts in question had been closed.

“Appears a conscious attempt to undermine not only the bank, but the Swiss financial center as a whole,” says the allegations.

The journalists’ findings, on the other hand, suggest otherwise.

According to the investigation, the bank held $273 million for Venezuelans accused of siphoning off funds from state-owned oil company Petroleos de Venezuela, SA (PDVSA). Even after several of them pleaded guilty to corruption charges, their accounts were apparently kept active.

Venezuela is on the brink of financial catastrophe due to rampant misappropriation of state funds. The country’s score on Transparency International’s Corruption Perceptions Index has fallen significantly over the past decade, and in 2021 it had one of the lowest scores in the world.

Surprisingly, a new investigation by OCCRP reveals the bank’s continued use of secrecy to lure consumers with lucrative funds.

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