Mirabaud barred from new high ML risk business, with CHF12.7m confiscation

Mirabaud & Cie SA, the Geneva-based private bank, must strengthen its anti-money laundering controls to the satisfaction of FINMA, the Swiss Financial Market Supervisory Authority, before it will be permitted to take on further clients "with increased money laundering risks".

Mirabaud & Cie SA, the Geneva-based private bank, must strengthen its anti-money laundering controls to the satisfaction of FINMA, the Swiss Financial Market Supervisory Authority, before it will be permitted to take on further clients "with increased money laundering risks".