checkmate the Rothschild: Rothschild bank scandal caught in money laundering by Swiss regulator

by EraOfLight

The article notes that the authorities have accused Rothschild Bank AG and its subsidiary Rothschild Trust AG not only reveal the source of the assets of doubtful customers, but also to expand their business with them. 

Financial Supervisory Authority Swiss Market (FINMA) has concluded an investigation into suspected money laundering operations involving the Rothschild Bank and state investment fund 1MDB Malaysia. The regulator concluded that Rothschild Bank was in "serious violation" of the "due diligence requirements, reporting and documentation." 

The case related to the Rothschild Bank was one of the seven enforcement proceedings initiated by FINMA against 1MDB amid suspicions of a serious violation of Swiss banking laws.

Swiss regulator FINMA accuses the bank Rothschild not only do business with suspects dubious clients laundering activities money, but "significantly expand" its business with them and report suspicions "only after substantial delay", thus violating the bank reporting requirements.Also it said Rothschild Bank AG "does not adequately documented" high - risk transactions. 

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Swiss Regulator: Rothschild Bank AG broke the rules anti-money laundering in the case of 1MDB 

REUTERS - July 20, 2018: Rothschild Bank AG and its subsidiaries have committed serious violations of anti-laundering rules of money in relation to 1MDB said on Friday (July 20) the sovereign regulator of Malaysia,

The regulator, FINMA, said in a statement, however, was closing its investigation into Rothschild. It will review the steps that the institution has taken to strengthen its procedures.

Rothschild Bank AG said it noted the comments of the regulator and regretted the violations that occurred. 

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Rothschild Bank broke the rules of money laundering 

BLOOMBERG - July 20, 2018: was discovered that Rothschild Bank AG and its subsidiaries seriously breached the rules of money laundering in the multibillion - dollar corruption case 1MDB in Malaysia, which has trapped lenders around the world.

Swiss financial regulator FINMA said on Friday it will appoint an external auditor to review the controls established by the bank and its unit Rothschild Trust (Schweiz) AG. The decision concludes the last of the seven investigations by the authority in relation to the Swiss banks and the state - owned Malaysian investment. 

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The Rothschilds and Bankers Control America - Full Documentary 

ALIS MARS - July 20, 2018: an insightful documentary about the Rothschild banking in the US and debt. 

https://youtu.be/khijQSzu_Ss 

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