Despite two decades of pledges by Credit Suisse to crack down on illegitimate funds, data leaked from the bank reveals that it held money for dozens of unsavoury clients from almost every corner of the world.
Despite well-publicised allegations against him, Nezzar appears in the Suisse Secrets data as a Credit Suisse client, with two accounts worth at least 2-million Swiss francs .[1] A 1995 law criminalised the removal of the financial proceeds of Algerian economic activity from the country without central bank approval. The source of the funds deposited in Nezzar’s Credit Suisse account is unknown.[2] It remained open until 2013, two years after he was charged in Switzerland with war crimes.
In 2011, two accounts were opened in Aguilera’s name and credited with at least 7.8-million Swiss francs . The Aguilera accounts were still open well into the last decade when the Suisse Secrets data was collected. In an effort to defuse the fallout from that revelation, the bank’s then-chairman said in 2000 that it had “continuously improved … control procedures and compliance with them.”
“The bank likes to say it’s just rogue bankers,” said Jeffrey Neiman, the American lawyer. “But how many rogue bankers do you need to have before you start having a rogue bank?” Recalling this incident in a recent interview with OCCRP, Swiss member of parliament Gerhard Andrey said he was still incredulous that Credit Suisse executives never accepted personal responsibility for the scandal.
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