JOURNAL ARTICLE

UBS Wins Dismissal of Credit Suisse Money-Laundering Charges Tied to Mozambique Tuna Bond Scandal.

  • Published In: Bloomberg.com, 2026. P. N.PAG 1 of 3

  • Database: Business Source Ultimate 2 of 3

  • Authored By: Miller, Hugo 3 of 3

Abstract

The article focuses on Switzerland's Federal Criminal Court ruling that UBS Group AG cannot be held liable for money laundering allegations inherited from Credit Suisse related to the Mozambique tuna-bond scandal. The court stated that transferring criminal liability to UBS after its 2023 takeover of Credit Suisse would violate legal principles, including the Swiss constitution and the European Convention on Human Rights. While UBS was cleared, a former Credit Suisse compliance officer indicted for failing to report suspicious activity linked to probable bribes remains subject to ongoing legal proceedings. The Swiss Attorney-General's Office has the option to appeal the court's decision within ten days. [Extracted from the article]

Additional Information

  • Source:Bloomberg.com. 2026/04, pN.PAG
  • Document Type:Article
  • Subject Area:Business and Management
  • Publication Date:2026
  • Accession Number:192931214
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