Weekly Roundup: Leaked Report Exposes Credit Suisse’s AML Flaws, Banco Santander Under Investigation, and More

Swiss regulators claimed in a newly leaked report from 2018 that Credit Suisse executives ignored clear indications that now-deceased senior banker and convicted criminal Patrice Lescaudron was embezzling millions of dollars from the lender's wealthiest clients and laundering the funds, the Financial Times reported. More The U.K. Financial Conduct Authority is investigating Spain's Banco Santander for allegedly failing to vet money services businesses and other high-risk clients from 2012 to 2017, Global Investigations Review reported. More Germany's financial supervisor ordered the domestic branch of Goldman Sachs to bolster its customer due-diligence and risk-assessment processes, Reuters reported. More Authorities from the...