"Credit Suisse Group AG and UBS Group AG are among the banks under scrutiny in a US Justice Department probe into whether financial professionals helped Russian oligarchs evade sanctions, according to people familiar with the matter.
The Swiss banks were included in a recent wave of subpoenas sent out by the US government...
The information requests were sent before the crisis that engulfed Credit Suisse and resulted in UBS’s proposed takeover of its rival.
Subpoenas also went to employees of some major US banks, two people with knowledge of the inquiries, said.
The Justice Department inquiries are focused on identifying which bank employees dealt with sanctioned clients and how those clients were vetted over the past several years, according to one of the people. Those bankers and advisers may then be subject to further investigation to determine if they broke any laws."
https://archive.is/nDZYL
The Swiss banks were included in a recent wave of subpoenas sent out by the US government...
The information requests were sent before the crisis that engulfed Credit Suisse and resulted in UBS’s proposed takeover of its rival.
Subpoenas also went to employees of some major US banks, two people with knowledge of the inquiries, said.
The Justice Department inquiries are focused on identifying which bank employees dealt with sanctioned clients and how those clients were vetted over the past several years, according to one of the people. Those bankers and advisers may then be subject to further investigation to determine if they broke any laws."
https://archive.is/nDZYL