Credit Suisse Fined £147,190,276 (US$200,664,504) And Undertakes To The UK Financial Conduct Authority To Forgive US$200 Million Of Mozambican Debt
The Financial Conduct Authority has fined Credit Suisse over £147 million for serious financial crime due diligence failings related to loans worth over $1.3 billion, which the bank arranged for the Republic of Mozambique.