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Published on:
Friday, July 6, 2018 – 12:01
| Last update:
Friday, July 6, 2018 – 12:01
US authorities fined Credit Suisse Hong Kong, a Swiss-based group, on Thursday for "hiring friends and family members of Chinese officials for banking transactions," a $ 77 million fine. The US Department of Justice said in a statement that the bank had agreed to pay its fine and the Securities and Exchange Commission to settle charges that in 2007 and 2013 it had attempted to obtain contracts with companies Chinese public. According to the Turkish Agency of Anatolia.
"Credit Suisse (HK) in Hong Kong has always used friends and members of the Chinese government as a means of obtaining profitable and profitable business opportunities," said Richard Donoghue, an attorney General of New York. "
" Corruption can take many forms, including giving work to friends and relatives of public servants, "said Charles Keane, chief of the Stock Exchange Commission and Inquiry Commission on violations of the law on foreign practices.
Under the Foreign Practices Act
and foreign banks are required to apply such penalties, in order to avoid larger fines or to impose fines on them .. Sanctioning its branches in the United States
