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Comment: Credit Suisse’s hefty ‘tuna bonds’ bill warns banks of regulators’ long reach

By Martin Coyle and Richard Vanderford ( October 20, 2021, 13:25 GMT | Comment) -- Credit Suisse’s $475 million hit yesterday for serious financial-crime failings in the infamous Mozambique "tuna bonds" scandal warns banks of the risks in doing business in parts of the world dogged by corruption. The penalty also illustrates the long reach that US prosecutors have, even without using the country’s long-armed foreign bribery laws.Credit Suisse’s thumping hit for serious financial-crime failings warns banks of the risks in doing business in parts of the world dogged by corruption. The penalty also illustrates the long reach that US prosecutors have, even without using the country’s foreign bribery laws....

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