Credit Suisse face Abacha money laundering probe

Switzerland's banking regulator said Wednesday that it filed a formal complaint against Credit Suisse Group over its acceptance of millions of dollars linked to the late Nigerian dictator General Sani Abacha.

Edgar Wohlhauser, spokesman for the Federal Banking Commission, confirmed a report in the Zurich news magazine Facts that the case had been referred to the oversight body of the Swiss Bankers Association, the main industry body that enforces self-regulation.

Credit Suisse could face a fine

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