Swiss financial watchdog reprimands Julius Baer for failings over money laundering By Reuters

ZURICH (Reuters) – Switzerland’s financial industry watchdog FINMA has reprimanded two people at private bank Julius Baer following an investigation into serious failings over money laundering, it said on Thursday.

The regulator launched proceedings in one case, and dropped its inquiries in another, after an executive resigned in the case related to alleged corruption in Venezuela.