Swiss financial watchdog FINMA said on Wednesday it is investigating several Swiss banks over whether they followed anti-money laundering rules amid a widening $1 billion graft probe involving Venezuela’s state oil company.
A U.S. federal indictment this month accused five former Venezuelan officials of soliciting bribes to help vendors win favorable treatment from Petroleos de Venezuela (PDVSA) and stashing the money in banks, including in Switzerland.
FINMA did not name the banks under scrutiny. A 2015 U.S. indictment in the case said several accounts with Credit Suisse (CSGN.S) in Switzerland were subject to forfeiture.
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