This is the new MLex platform. Existing customers should continue to use the existing MLex platform until migrated.
For any queries, please contact Customer Services or your Account Manager. Dismiss

Banque Safra pays CHF19.5 million to settle Petrobras laundering claims

By Martin Coyle ( August 22, 2025, 14:34 GMT | Insight) -- Banque J. Safra Sarasin today paid 19.5 million Swiss francs to settle claims by Swiss prosecutors that it allowed tens of millions of dollars linked to Petrobras to be laundered through the private bank. A former customer relationship manager at Banque Safra was handed a suspended prison sentence today over her involvement in the money laundering.Banque J. Safra Sarasin today paid 19.5 million Swiss francs (around $22.7 million) to settle claims by Swiss prosecutors that it allowed tens of millions of dollars linked to Brazil’s Petrobras to be laundered through the private bank....

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.

Start Free Trial

Already a subscriber? Click here to login

Related Sections