Swiss court upholds convictions of Gazprombank employees
Switzerland's highest court has rejected an appeal by four former Gazprombank employees convicted of failing to perform due diligence on accounts held by Sergey Roldugin. The court ruled the bankers failed to verify the true beneficial owner of millions of francs despite Roldugin's close ties to the Russian president.
Xurve View
Xurve View
Four former Gazprombank employees lost an appeal in Switzerland's highest court over failed due diligence on 450,000 Swiss francs in fines. The case involves accounts held by Sergey Roldugin, a cellist linked to Russia's President Vladimir Putin. The ruling tightens Swiss regulatory expectations for verifying beneficial ownership of high-net-worth individuals under international sanctions.
