Credit Suisse – Compliance Building

Hiring Relatives Government Officials Can Be an Illegal Bribe

Doug Cornelius July 6, 2018 Bribery and Corruption [+]

Back in 2015, the Securities and Exchange Commission made it clear that providing jobs to family members of foreign government officials could be a violation of the Foreign Corrupt Practices Act. That SEC investigation found that BNY Mellon did not evaluate or hire the family members in accordance with its hiring standards and require a … Read more »

Credit Suisse Settles OFAC Charges for $536 million

Doug Cornelius December 17, 2009December 17, 2009 Anti-Money Laundering [+]

The Credit Suisse Group has reached a settlement with U.S. authorities related to U.S. dollar payments involving parties subject to U.S. sanctions. The $536 million global settlement with Credit Suisse represents by far the largest sanctions settlement in the history of US Treasury’s Office of Foreign Assets Control. The settlement arises out of Credit Suisse’s … Read more »