VIENNA (Reuters) – Credit Suisse said on Sunday it “strongly rejects” allegations of wrongdoing against it in the “Swiss Secrets” scandal after several media outlets reported, following a massive data leak, that the Swiss bank had hosted funds of criminal or illicit origin.
“Credit Suisse strongly rejects the allegations and insinuations regarding the bank’s alleged business practices,” the bank wrote in a statement in response to the report published by an international media consortium.
“The questions presented are largely from the past, in some cases dating back to the 1940s. These questions are based on partial, inaccurate or selective information taken out of context, giving rise to biased interpretations of the conduct of the affairs of the bank,” adds Credit Suisse.
The bank says it has received “numerous inquiries” from the consortium over the past three weeks and has reviewed several accounts in question.
“Nearly 90% of the accounts examined are now closed or were in the process of being closed before receiving requests from the press. More than 60% of the accounts concerned were closed before 2015”, indicates the financial establishment.
“With respect to accounts that are still active, we are confident that we have applied appropriate due diligence procedures, verifications and other control measures in accordance with our current framework. We will continue to analyze this situation and take action. additional if necessary”, assures the bank.
(Report Francois Murphy; French version Claude Chendjou)
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