Photo: Arnd Wiegmann / Reuters
The Swiss authorities have accused the Rothschild Bank in laundering money through the state investment Fund of Malaysia 1MDB. Started the investigation according to the website of the Swiss financial market regulator FINMA.
The defendants in the investigation were the head of Rothschild Bank AG and its subsidiary Rothschild Trust AG. They are unable to explain to the regulator the origin of assets of individuals suspected of money laundering.
In the message FINMA States that the Rothschild Bank is not just established with these dubious customers business relations, but “expanding them”. However, he said their suspicions in good faith of clients to the authorities, but did so very late.
FINMA plans to direct both the organization of its auditor, to conduct an extensive investigation of their business. The regulator will take into account that the banks have taken some measures to remedy violations.
Exactly how Rothschild Bank connected with Malaysian Fund, is not specified. 1MDB was at the center of a major scandal in 2011, when the investigation against him started by the local authorities. The case was soon closed, but in 2015 to investigate joined the FBI. He was able to establish that in the period from 2009 to 2015, the Fund has awarded funding to seven billion dollars, which should have been directed to economic development projects. However, as believes a consequence, a portion of this amount settled in the accounts of Fund management and other stakeholders.
One of them could be former Prime Minister of Malaysia Najib Razak. When they searched his home in may 2018 was discovered 28.6 million dollars in cash and jewelry to 109 million.
Currently, the investigation against 1MDB is in progress in six countries, including in Switzerland.
Rothschild Bank AG is a banking group N M Rothschild & Sons, which is considered one of the oldest in the world. It was founded by the Rothschild family in 1811, and belongs to the famous European family Rothschild.
Video, photo All from Russia.