{"id":37589,"date":"2025-04-13T11:29:19","date_gmt":"2025-04-13T09:29:19","guid":{"rendered":"https:\/\/www.w-t-w.org\/en\/?p=37589"},"modified":"2025-04-13T11:29:19","modified_gmt":"2025-04-13T09:29:19","slug":"leaked-letters-give-insight-into-anti-money-laundering-gaps-at-swiss-bank-reyl","status":"publish","type":"post","link":"https:\/\/www.w-t-w.org\/en\/leaked-letters-give-insight-into-anti-money-laundering-gaps-at-swiss-bank-reyl\/","title":{"rendered":"Leaked Letters Give Insight Into Anti-Money Laundering Gaps at Swiss Bank Reyl"},"content":{"rendered":"

This week, a new leak takes us inside Switzerland\u2019s famously secretive financial sector.<\/p>\n

According to leaked correspondence obtained by reporters, Swiss regulators have sounded the alarm over a range of practices at the Geneva-headquartered private bank Reyl Intesa Sanpaolo. In particular, the regulators noted a \u201ccertain carelessness\u201d when it came to vetting clients for money laundering risks \u2014 including those linked to corrupt and autocratic regimes.<\/p>\n

The reporting appears to have struck a nerve: On Monday, Reyl\u2019s lawyers confirmed they had filed a complaint under Article 47 of the Swiss Banking Act, a draconian law that criminalizes disclosing information about bank customers. Yet we decided to publish our findings anyway, because we believe they are in the public interest.<\/p>\n

In other news, Switzerland\u2019s top court upheld a corruption conviction for Israeli mining magnate Beny Steinmetz, while France moved forward with seizing a villa that belongs to a fugitive former Moldovan politician with a fake Mexican passport.<\/p>\n

Meanwhile, Thailand has arrested a woman accused of helping a prominent doctor run a $440-million investment scam that raised funds for non-existent medical centers.<\/p>\n

Read on for the latest in crime and corruption.<\/strong><\/a>
\n\"\"<\/p>\n","protected":false},"excerpt":{"rendered":"

This week, a new leak takes us inside Switzerland\u2019s famously secretive financial sector. According to leaked correspondence obtained by reporters, Swiss regulators have sounded the alarm over a range of practices at the Geneva-headquartered private bank Reyl Intesa Sanpaolo. In … Continue reading →<\/span><\/a><\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"footnotes":""},"categories":[22,13],"tags":[],"class_list":["post-37589","post","type-post","status-publish","format-standard","hentry","category-corruption","category-finance"],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t