From Financial Crime Compliance Education (FCCED), October 21:
Mozambique’s Attorney General’s Office said on Wednesday it will seek the extradition of three former Credit Suisse CSGN.S bankers implicated in a $2 billion debt scandal that sent the country’s economy into crisis.
Andrew Pearse, Detelina Subeva and Surjan Singh, who helped arrange the loans to Mozambique, all pleaded guilty in the United States last year to charges including conspiracy to violate U.S. anti-bribery laws and to commit money laundering and securities fraud in relation to their role in the affair.
Lawyers for the three bankers did not immediately respond to requests for comment or could not immediately be reached.
Mozambique would now seek their extradition after the country’s Supreme Court granted approval for the Attorney General’s Office to do so, a representative of the AGO told Reuters via WhatsApp....
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Also at FCCED:October 22, 2020
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UK regulators fine Goldman Sachs £97 million over 1MDB scandal
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Hong Kong fines Goldman Sachs $350 million over 1MDB scandal
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Australian court approves $920 million Westpac money laundering fine
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UAE suspends licences of 200 law firms over anti-money laundering compliance
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Germany issues international arrest warrant for founders of law firm at the centre of Panama Papers
