Four bankers who helped Putin's friend set up Swiss bank account convicted | CNN Business

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Four bankers who helped a close friend of Russian President Vladimir Putin move millions of dollars through Swiss bank accounts have been convicted of failing to perform due diligence in financial transactions

The four were found guilty Thursday of helping Sergey Roldugin, a concert cellist who has been dubbed “Putin’s wallet” by the Swiss government. The executives — three Russians and one Swiss — helped Roldugin, who is godfather to Putin’s eldest daughter, Maria, deposit millions of francs in Swiss bank accounts between 2014 and 2016.

The bankers should have asked whether information provided about the origin of the assets was plausible, he added. Other red flags, such as the political situation in Russia and the use of offshore and intermediary accounts, were ignored, the judge said. “It must be taken into consideration that millions in funds was going into the accounts,” Judge Aeppli said. “This was at a time when the US had already announced measures against Russia.

 

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its great youve convicted the bankers - but ,after the deed was done and the millions moved...swiss banks are notorious money launderers, everyone knows it, these banks should be shut down by european courts..

Looks like Chevy Chase circa Christmas Vacation

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