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Switzerland sentences former Pictet employee for money laundering

Reuters
Summary
Nutrition label

80% Informative

Swiss Attorney General's Office has handed a former wealth manager a six-month suspended prison sentence and fined Pictet Bank for money laundering.

Pictet was sentenced to pay 2 million Swiss francs ( $2.46 million ) for failing to prevent transfers from the account of a Brazilian public official.

The payments were made between June 2010 and May 2013 from an account held in the name of an offshore firm whose beneficial owner was an employee of Brazilian state-run oil company Petrobras .

VR Score

91

Informative language

97

Neutral language

69

Article tone

formal

Language

English

Language complexity

57

Offensive language

possibly offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

External references

no external sources

Source diversity

no sources

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