Credit Suisse on the news due to a huge data leak
Credit Suisse on the news due to a huge data leak

Credit Suisse on the news due to a huge data leak

The leak points to widespread failures of due diligence by Credit Suisse.
RE+D magazine
22.02.2022

According to a massive leak from one of the world’s biggest private banks, Credit Suisse, has exposed the hidden wealth of clients involved in torture, drug trafficking, money laundering, corruption and other serious crimes.

The CNN cites details of accounts linked to 30,000 Credit Suisse clients all over the world are contained in the leak, which unmasks the beneficiaries of more than 100billion Swiss francs held in one of Switzerland’s best-known financial institutions.

The leak points to widespread failures of due diligence by Credit Suisse, despite repeated pledges over decades to weed out dubious clients and illicit funds. 

The Guardian is part of a consortium of media outlets given exclusive access to the data.