Switzerland fines Pictet for money laundering, sentences former employee. By Reuters. June 18, 2025 9:57 AM UTC Updated June 18, 2025 ... Pictet was ordered to pay 2 million Swiss francs ...

According to prosecutors, U.S. taxpayers with Pictet accounts in Switzerland and elsewhere evaded about $50.6 million in taxes between 2008 and 2014.

The Geneva-based bank Pictet has been fined CHF2 million for shortcomings in its organisation which enabled a former asset manager to commit serious money laundering.

HONG KONG, Oct 28 (Reuters) - Pictet Group and Bangkok Bank PCL BBL.BK on Thursday said they have formed a wealth management strategic alliance for the bank's clients in Thailand.

Banque Pitet Enters Into Deferred Prosecution Agreement For Undisclosed Accounts and PPLI Deals, Pays $122.9 Million, And Agrees To Cooperate In Investigations ...

Anuj Khanna, Pictet & Cie.’s chief executive officer for south Asia, comments on ultra-high-net-worth individuals moving funds to family offices from private banks and disgruntled senior bankers ...

UBS’ confirmation came after its supplier Chain IQ confirmed that it, along with 19 other companies, was targeted in a cyberattack. However, the supplier did not specify which data was ...

The offices of Banque Pictet & Cie were searched by Swiss prosecutors in recent weeks as part of an investigation into its role in the sprawling Petrobras scandal that was opened in December.

Pictet was ordered to pay 2 million Swiss francs ($2.5 million) for failing to take all reasonable and necessary measures to prevent transfers from the account of a Brazilian public official aimed ...

ZURICH (Reuters) -The Swiss Attorney General's Office has handed a former wealth manager at Pictet Bank a six-month suspended prison sentence and fined the private bank for money laundering in a ...

ZURICH (Reuters) -The Swiss Attorney General's Office has handed a former wealth manager at Pictet Bank a six-month suspended prison sentence and fined the private bank for money laundering, the ...