The US Department of Justice began controlling a number of banks to help “Russian oligarchs” circumvent sanctions. In this respect reported Bloomberg agency, citing the source. According to the agency’s interlocutors, such banks include Swiss Credit Suisse and UBS.
According to the agency, these banks were included in the list of organizations to which the Ministry of Justice sent summonses as part of the ongoing investigation. They were also sent to employees of some large American banks, but it is not known which of them came from the material.
According to one of the sources, the ministry wants to identify bank employees who deal with sanctioned customers. The DOJ will learn how these clients have been scrutinized over the past few years and whether any laws have been broken.
Credit Suisse declined to comment, with UBS not responding to the agency’s request.
Credit Suisse was urgently sold to UBS in March due to years of accumulated financial problems. Credit Suisse’s bondholders intend to file a lawsuit against the bank.