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Financial Times

Bankers found guilty of helping to hide Putin’s millions by Swiss court

Swiss court finds Gazprombank subsidiary employees guilty of financial negligence for laundering tens of millions of francs linked to Putin through Swiss banking system.

Swiss court finds Gazprombank subsidiary employees guilty of financial negligence.
Employees helped launder tens of millions of francs linked to Putin through Swiss banking system.
Conditional criminal fines imposed instead of custodial sentences.
Case triggered by Panama Papers leak in 2016.
Bank regulator Finma imposed penalties on Gazprombank in 2018.

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