Switzerland's financial regulator has investigated 12 banks and launched enforcement proceedings against two of them in relation to corruption charges against longtime central banker Riad Salameh, it said on Monday.
The Swiss Financial Market Supervisory Authority on Monday said it has investigated 12 banks in relation to allegations of money laundering linked to the case.
Enforcement proceedings occur when FINMA detects failures at a bank and works to establish what has gone wrong and what measures need to be taken to prevent breaches of money laundering regulations in future. FINMA declined to comment on the nature of the enforcement proceedings in this case, or the banks involved.
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