A Swiss court has fined former asset manager Falcon Bank CHF 3.5 million for its role in a corruption and money laundering scandal. however former Falcon cheif executive Eduardo Leemann was found not guilty of charges.
The now wound up Falcon is the first Swiss company to be held accountable under a 2003 law relating to money laundering and enabling corruption. The court, and presiding judge Silvia Frei, found that the bank had an internal structure which could foster wrongd...
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