Swiss ministry appeals ruling on Credit Suisse executive
Switzerland is appealing a court ruling to scrap a fine on former Credit Suisse executive Lara Warner. The case involves money laundering linked to Mozambique.
The Switzerland Finance Ministry appealed a court ruling that overturned a 100,000 Swiss franc ($127,000) fine against former Credit Suisse executive Lara Warner. The ministry originally penalized Warner for failing to report suspected money laundering linked to a fraud in Mozambique. The appeal seeks to revive a case that a federal criminal court dismissed last week due to the statute of limitations.
### The $7.8 Million Transfer Dispute The Finance Ministry alleged Warner failed to notify authorities about a March 2016 transfer totaling approximately $7.8 million. These funds moved from the Mozambican Ministry of Finance to a Credit Suisse account in Switzerland before being sent to the United Arab Emirates. Ministry officials stated the money was probably of illegal origin.
