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Switzerland's Banque Pictet et Cie fined over Lava Jato laundering failures

By Martin Coyle ( June 17, 2025, 10:27 GMT | Insight) -- Banque Pictet et Cie has been fined 2 million Swiss francs, while a former bank executive has been handed a suspended jail sentence over anti-money laundering failures involving millions of dollars. The case was linked to Brazil's huge Lava Jato scandal which dragged in conglomerates and lawmakers.Banque Pictet et Cie has been fined 2 million Swiss francs ($2.5 million), while a former bank executive has been handed a suspended six-month jail sentence over anti-money laundering failures involving millions of dollars and linked to the Brazilian "Lava Jato," or operation car wash, corruption scandal. ...

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