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Swiss banks caught up in US corruption probe

Records from 18 banks sought over transactions in Venezuela
Friday, March 25, 2016 - 05:50

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Among the banks are UBS, EFG Bank and CBH Compagnie Bancaire Helvetique, said a person briefed on the matter.

New York

SWISS banks have a new money laundering worry: Venezuela. At the request of US authorities, Switzerland has agreed to turn over records from at least 18 banks involving Venezuela's state oil company, Petroleos de Venezuela SA, which is the subject of a widening corruption

sentifi.com

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