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Swiss prosecutors are investigating Pictet & Cie for alleged anti-money laundering failures in connection to the private bank's suspected facilitation of bribe payments to a Kuwaiti intermediary, Gotham City reported. More UBS staff allegedly failed to properly vet a suspicious $7 million transfer from the Democratic Republic of Congo to an account that the Swiss lender held in Zurich for an offshore firm controlled by a Belgian associate of Joseph Kabila, the nation's former president, Le Temps reported. More Cypriot regulators fined the Bank of Cyprus nearly $900,000 for failing to comply with AML rules, Kathimerini reported. More The U.K....