Al Mayadeen English

  • Ar
  • Es
  • x
Al Mayadeen English

Slogan

  • News
    • Politics
    • Economy
    • Sports
    • Arts&Culture
    • Health
    • Miscellaneous
    • Technology
    • Environment
  • Articles
    • Opinion
    • Analysis
    • Blog
    • Features
  • Videos
    • NewsFeed
    • Video Features
    • Explainers
    • TV
    • Digital Series
  • Infographs
  • In Pictures
  • • LIVE
News
  • Politics
  • Economy
  • Sports
  • Arts&Culture
  • Health
  • Miscellaneous
  • Technology
  • Environment
Articles
  • Opinion
  • Analysis
  • Blog
  • Features
Videos
  • NewsFeed
  • Video Features
  • Explainers
  • TV
  • Digital Series
Infographs
In Pictures
  • Africa
  • Asia
  • Asia-Pacific
  • Europe
  • Latin America
  • MENA
  • Palestine
  • US & Canada
BREAKING
Russian Ministry of Defense: 37 Ukrainian drones destroyed in 4 hours over regions of Russia and the Black Sea.
Sheikh Qassem: Our supporters make up more than half of Lebanon's population, and all of these people are united under the banner of protecting Lebanon, its Resistance, its people, and its integrity.
Sheikh Qassem: There will be no phased handing in of our arms. [The Israelis] must first enact the agreement before we start talking about a defensive strategy.
Sheikh Qassem: Be brave in the face of foreign pressures, and we will be by your side in this stance.
Sheikh Qassem: Stripping us of our arms is like stripping us of our very soul, and this will prompt us to show them our might.
Sheikh Qassem: We will not abandon our arms, for they gave us dignity; we will not abandon our arms, for they protect us against our enemy.
Sheikh Qassem: The US efforts we are seeing are aimed at sabotaging Lebanon and constitute a call for sedition.
Sheikh Qassem: If you truly want to establish sovereignty and work for Lebanon’s interests, then stop the aggression.
Sheikh Qassem: The United States, which is meddling in Lebanon, is not trustworthy but rather poses a danger to it.
Sheikh Qassem: The United States is preventing the weapons that protect the homeland.

Credit Suisse exposed over 30,000 bank clients details leak

  • By Al Mayadeen Net
  • Source: Agencies
  • 21 Feb 2022 09:35
4 Min Read

Switzerland's second-largest bank failed to crack down on illicit funds coming from accounts held by dictators, criminals, and corrupt politicians, according to a global media investigation.

  • x
  • Leak exposes details of over 30,000 Credit Suisse bank clients
    Leak exposes details of over 30,000 Credit Suisse bank clients.

A data leak from Credit Suisse, Switzerland's second-largest bank, revealed details of more than 30,000 accounts – some of them unpleasant – according to a German newspaper and other media on Sunday, pointing to apparent failures of due diligence in checks on many customers.

Credit Suisse said in a statement that it “strongly rejects the allegations and insinuations about the bank’s purported business practices.”

Sueddeutsche Zeitung, a German newspaper, said it acquired the data anonymously over a year ago through a secure digital mailbox. It stated that it was unclear whether the source was an individual or a group, and that no money or promises were made by the newspaper.

The newspaper said it analyzed the data alongside the Organized Crime and Corruption Reporting Project and dozens of media partners, including The New York Times and The Guardian, from the 1940s until well into the last decade.

According to the report, the bank has accepted customers who are "corrupt autocrats, suspected war criminals, and human traffickers, drug dealers, and other criminals."

Credit Suisse stated that the claims are "mostly historical" and "are based on fragmentary, erroneous, or selective material taken out of context, leading in tendentious interpretations of the bank's business activity."

What did the Suisse Secrets probe reveal?

A human trafficker convicted in the Philippines, a Hong Kong stock exchange chairman imprisoned for bribery, and an Egyptian billionaire who ordered the assassination of his Lebanese pop star girlfriend are among those exposed.

According to the media sites, other clientele includes multiple leaders of state and government, ministers, intelligence officials, as well as oligarchs and businesses with shady backgrounds.

Related News

Spain, Switzerland, India reconsider F-35 purchases amid US tariffs

Sudan’s al-Burhan meets Trump’s Africa advisor in Switzerland: Sources

A former Siemens manager was listed as having six accounts after being convicted of bribery in 2008.

One of the former Siemens executives' accounts had assets worth more than 54 million Swiss francs (about €51.66 million) in 2006, according to the publication, which cannot be attributed to his Siemens income.

The revelation also discloses the hidden accounts of Jordan's King Abdullah II, Iraq's former Deputy Prime Minister Ayad Allawi, Algerian ex-President Abdelaziz Bouteflika, and Armenia's ex-President Armen Sarkissian's.

Money laundering

Earlier, Credit Suisse was accused in a Swiss court of allowing a suspected Bulgarian cocaine trafficking ring to launder millions of euros, some of which were hidden in suitcases.

Swiss prosecutors are seeking around 42.4 million Swiss francs ($45.86 million) in compensation from Credit Suisse in the first criminal trial of a major bank in Switzerland (CSGN.S).

They claim that between 2004 and 2008, the country's second-largest bank and one of its former relationship managers failed to take all necessary steps to prevent alleged drug traffickers from hiding and laundering cash.

Was anyone probed? 

The leak reveals Credit Suisse's pervasive inability to conduct due diligence in analyzing and rejecting questionable clients and those managing illegal funds.

OCCRP wrote on its website that reporters spoke with several former bank employees who described a "highly toxic corporate culture that incentivized taking on risk to maximize profits — and bonuses."

Former employees claimed that this resulted in a culture where there were two sets of rules for two types of clients: the wealthy and the ultra-wealthy.

Swiss banking secrecy is "immoral", according to the whistleblower, whose identity is undisclosed to the media partners.

"The pretense of protecting financial privacy is just a fig leaf to cover up the shameful role of Swiss banks as collaborators with tax evaders," the whistleblower said.

  • Switzerland
  • Credit Suisse

Most Read

Tom Artiom Alexandrovich, executive director of the defense division of the Israeli National Cyber Directorate, undated (Social media)

Israeli-born US prosecutor drops Israeli officer child sex crime

  • Politics
  • 19 Aug 2025
Almost instantly after the Helsinki Accords were signed, organisations sprouted to document purported violations, whose findings were fed to overseas embassies for international amplification. (Al Mayadeen English; Illustrated by Zeinab el-Hajj)

How ‘Human Rights’ became a Western weapon

  • Opinion
  • 23 Aug 2025
Israeli soldiers stand on the top of armoured vehicles parked on an area near the Israeli-Gaza border, as seen from southern Israel, Wednesday, Aug. 20, 2025 (AP)

Palestinian fighters target Israeli soldiers, vehicles in Gaza

  • Politics
  • 21 Aug 2025
Launch of a ballistic missile from Yemen toward the occupied Palestinian territories. (YAF military media)

Yemeni Forces announce firing hypersonic missile at Al-Lydd Airport

  • Politics
  • 22 Aug 2025

Coverage

All
The Ummah's Martyrs

Read Next

All
Israeli Prime Minister Benjamin Netanyahu speaks during a press conference at the Prime minister's office in al-Quds, Occupied Palestine, Sunday, Aug. 10, 2025 (AP)
Politics

Netanyahu deliberately derailing truce with Gaza occupation: Hamas

Irish President Michael Higgins arrives to deliver his speech during a 42nd World Food Day celebration at FAO headquarters in Rome, on Oct. 16, 2023. (AP Photo/Alessandra Tarantino)
Politics

Irish president renews call for UN military intervention in Gaza

US Ambassador to Turkey and Special Envoy to Syria Tom Barrack speaks during an interview with The Associated Press at the US Embassy in Aukar, northern suburb of Beirut, Lebanon, Monday, July 21, 2025 (AP)
Politics

US envoy, Netanyahu discuss restraining attacks on Lebanon, withdrawal

Smoke billows following Israeli airstrikes in multiple areas in Sanaa, Yemen, Sunday, Aug. 24, 2025 (AP)
Politics

Ansar Allah vow sustained Gaza support despite Israeli strikes

Al Mayadeen English

Al Mayadeen is an Arab Independent Media Satellite Channel.

All Rights Reserved

  • x
  • Privacy Policy
  • About Us
  • Contact Us
  • Authors
Android
iOS