Credit Suisse destroys evidence of oligarch yacht loans

Russian_YachtsWhile everyone’s attention is on Ukraine, Credit Suisse (AGAIN???) is asking its business partners to eliminate evidence related to the tax evasion (money laundering?) of wealthy Russian oligarchs.

This comes a week after a leak disclosed that 30,000 private bank clients include the who’s who of dirty money, as well as the firm’s willful blindness: The world’s dirtiest money, welcomed by Credit Suisse. Again.

Is there any law and compliance regulation that this firm will not breach?



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Written by Gontran de Quillacq

Gontran de Quillacq is an expert witness and a legal consultant. He is a recognized authority in options, trading, derivatives, structured products, portfolio management, hedge funds, mathematical finance, quantitative investment, strategy research and financial markets in general.


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