Swiss bank worker cleared of money laundering in Mozambique 'tuna bond' scandal

A ​Swiss bank employee ​accused of money ‌laundering in ​a trial linked to Mozambique's "tuna bond" scandal has been ‌cleared, the court said on Wednesday. The former Credit Suisse compliance officer had been accused of ‌money laundering for arranging the transfer ‌of more than 600,000 Swiss francs ($764,000) of criminal origin to Abu Dhabi in 2016.

Loans arranged by the ⁠bank ​to ⁠develop Mozambique's tuna fishing fleet helped push the African ⁠country into bankruptcy a decade ago, years before ​Credit Suisse itself was hit by crisis and ⁠was eventually bought by UBS in a ⁠state-engineered emergency ​takeover in 2023. The employee was cleared of the charges following a hearing at ⁠the Swiss Federal Criminal Court in Bellinzona, ⁠southern Switzerland. ⁠The court did not give a reason for its decision.

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