Business · Companies · 2 days ago
Edmond de Rothschild bank to face money-laundering trial in France
Edmond de Rothschild’s Geneva bank is due to stand trial in Marseille, France, at the end of October.
It is accused of organized money laundering, along with a bank from San Marino and seven other defendants.
The case concerns a former deputy head of the bank’s wealth-management service.
He is accused of transferring 6.7 million Swiss francs in December 2009 to an offshore account at the bank’s Nassau subsidiary in the Bahamas.
At the time, France and Switzerland were approaching changes to rules on information sharing and banking secrecy.
Switzerland had not yet made the laundering of tax fraud proceeds a crime.
The trial will examine the bank’s alleged role in the transfer.
Edmond de Rothschild’s Geneva bank is due to stand trial in France for organized money laundering.
The case is scheduled for the end of October before the Marseille Criminal Court.
The bank is accused over the actions of a former deputy head of its wealth management department.
He is accused of transferring 6.7 million Swiss francs in December 2009 to an offshore account at the bank’s Nassau subsidiary in the Bahamas.
A bank from San Marino and seven other defendants are also due to stand trial.
- Who
- Edmond de Rothschild’s Geneva bank, a bank from San Marino and seven other defendants.
- What
- They are due to face trial for organized money laundering.
- When
- At the end of October; the article was published on October 9, 2026.
- Where
- The Marseille Criminal Court in France.
- Why
- The case concerns alleged actions by a former deputy head of the bank’s wealth management department, who is accused of transferring 6.7 million Swiss francs to an offshore account.
This story does not have two clearly opposing sides.
No direct quotes in the coverage so far.
The bank’s former deputy wealth management director is accused of transferring 6.7 million Swiss francs to an offshore account at the Nassau subsidiary.
French and Swiss rules on information exchange and banking secrecy were set to change, while tax-fraud money laundering was not yet punishable in Switzerland.
Edmond de Rothschild’s Geneva bank is due to stand trial in Marseille.
- Defendant
- Edmond de Rothschild’s Geneva bank
- Court
- Marseille Criminal Court, France
- Alleged transfer
- 6.7 million Swiss francs
- Transfer date
- December 2009
- Destination
- Offshore account at Edmond de Rothschild’s Nassau subsidiary in the Bahamas
- Other defendants
- A bank from San Marino and seven other people
Sources
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