FINMA says Julius Baer seriously breached risk and anti-money laundering rules
Swiss regulator said the case involved private debt loans to a European group and client relationships tied to two Russian politically exposed persons.
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Julius Baer seriously breached risk and money laundering rules, Swiss regulator says
Swiss private bank Julius Baer BX:JGE committed serious violations of supervisory provisions related to risk management and anti-money laundering obligations, financial regulator FINMA said on Tuesday, after concluding its investigation.The inquiry was related to private debt loans to a European gr…