Legal
Banque Pictet et Cie SA and one of its former asset managers sentenced by penal order
The Federal Prosecutor's Office sentenced a former asset manager at Banque Pictet et Cie SA (Banque Pictet) to a suspended prison sentence of six months for aggravated money laundering. Banque Pictet was fined CHF 2 million for failing to take all necessary and reasonable organizational measures to prevent such a…
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