Tuesday, May 24, 2016

Belated Middle-Earth Advice for the Swiss Banking System

May 24, 2016
Swiss bank to be shut over Malaysia scandal

GENEVA - A Swiss private bank will face criminal proceedings and be liquidated after allegedly committing serious breaches of anti-money laundering regulations in connection with the suspected embezzlement of a Malaysian state investment fund.

One of the most important things that clients hire you for is to help them stay on track with their most important thing.

If laundered money is a client's most precious thing, then you must not put the client's laundered money at risk.

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