Lombard Odier fined 3 million Swiss francs over 'robber baron' laundering case
By Martin Coyle ( July 27, 2026, 12:08 GMT | Insight) -- Banque Lombard Odier & Cie has been fined 3 million Swiss francs by a court in Switzerland over money laundering failures in relation to Gulnara Karimova, the daughter of former president of Uzbekistan Islam Karimov. A former executive at the bank has also received a suspended prison sentence. The bank said on Monday it would appeal the ruling.Banque Lombard Odier & Cie has been fined 3 million Swiss francs ($3.7 million) over money laundering failures in relation to Gulnara Karimova, the daughter of former president of Uzbekistan Islam Karimov. A former executive at the bank has also received a suspended prison sentence....
Prepare for tomorrow’s regulatory change, today
MLex identifies risk to business wherever it emerges, with specialist reporters across the globe providing exclusive news and deep-dive analysis on the proposals, probes, enforcement actions and rulings that matter to your organization and clients, now and in the longer term.
Know what others in the room don’t, with features including:
- Daily newsletters for Antitrust, M&A, Trade, Data Privacy & Security, Technology, AI and more
- Custom alerts on specific filters including geographies, industries, topics and companies to suit your practice needs
- Predictive analysis from expert journalists across North America, the UK and Europe, Latin America and Asia-Pacific
- Curated case files bringing together news, analysis and source documents in a single timeline
Experience MLex today with a 14-day free trial.