Swiss Federal Criminal Court fines Geneva private bank in Karimova money laundering case

The Swiss Federal Criminal Court has issued a multi-million fine against a Geneva-based private bank for failing to prevent money laundering linked to Gulnara Karimova. This verdict concludes a long-running investigation into the illicit transfer of funds from Uzbekistan through the Swiss financial system. The ruling underscores ongoing regulatory pressure on Swiss institutions regarding compliance and the handling of assets tied to foreign political figures.