Swiss Move to Curb Laundering of Money
|
|
LEAD: The Federal Banking Commission said in a report today that it is intended to reinforce the fight against money laundering. The Federal Banking Commission said in a report today that it is intended to reinforce the fight against money laundering. He also criticized Switzerland, the third largest bank, Credit Suisse, for the support of two Lebanese changers of money in the bank first thought was just a case of capital flight. The authorities now believe that the two were at the centre of the largest money-laundering ever discovered here. This decision is the first formal step by the Swiss authorities on the freedom of action of the banks, given that the scandal of money laundering in Switzerland, started a few months ago. The scandal forced the resignation of the Minister of Justice of Switzerland, Elisabeth Kopp, and dismissal of the Attorney General, Rudolf Gerber. The authorities say, $ 1.3 billion of criminal money - at least some of them in the drug trade - was gereinigt””von Swiss banks between 1985 and 1988. The 37-page report was the result of an investigation into the banks “in the case of the role. The study was conducted by Daniel Zuberbuehler, an official of the Swiss Federal Banking Commission. In an interview by telephone, said Zuberbuehler, the Commission would quickly with the Swiss Bankers Association to write new rules for banks to make greater efforts to discover the origin of resources - including Cash - they accept. ”We urge the banks leads to move closer to their bank to comply and departments to monitor senior management in the hierarchy of banks,”he said. He said that this could be the analysis of transactions, to see whether the large amounts of money came from high-risk countries in transit at the origin of money or criminal penalties. The report criticises the bank Credit Suisse, thought to have washed most of the 1.3 billion dollars, but the surveillance department stores, in the hands of relatively low level officials. The report also indicates that the Credit Suisse, Switzerland in collaboration with the other two major banks, the European Union and Switzerland, Swiss Bank Corporation, wrote to the Swiss embassy in Beirut, Lebanon, Istanbul, Turkey, Damascus, Syria, and in Sofia, Bulgaria, demand a swift and positive applications for visas to certain persons, which account for banks to clients. These people turned out later, messengers, which carries Dollar Deutsche Mark and the two Lebanese money changers. The two brothers, by the name of the Barkev and Jean Magharian, were arrested during the summer in Switzerland and are in preventive detention. The ratio of debt is not at Credit Suisse, or any other bank knowingly participating in money laundering. But the report says that the year 1986, it became apparent to the bank that the brothers who with its headquarters in Switzerland, has been perhaps the money helps the export of certain persons from countries with rules against the flight of capital. Credit Suisse is an internal report warned the Situation’’stark could tarnish the reputation of the bank,”by the commission. But a gap in the “gentleman’s agreement” does not oblige banks to avoid, which is headquartered in Switzerland, the promotion of capital flight. For example, Credit Suisse officials closed accounts Magharians advised them to a new company from outside Switzerland, then immediately yet their accounts with their activities continue after the Federal Banking Commission the Commission’s report. |