Lombard Odier fined 3 million CHF in Gulnara Karimova money‑laundering case

Switzerland's Federal Criminal Court convicted the Swiss private bank Lombard Odier of aggravated money‑laundering in the case of former Uzbek president Islam Karimov’s daughter, Gulnara Karimova. The court imposed a fine of 3 million Swiss francs on the bank for failing to prevent the illicit flow of funds and ordered the confiscation of more than 400 million francs linked to the affair.

A former Lombard Odier manager was found guilty of aggravated money‑laundering and received a 24‑month suspended prison sentence. The court dismissed the criminal proceedings against Gulnara Karimova and her alleged associate because they remain abroad and cannot be tried in Switzerland. A Russian co‑defendant also cannot appear. The prosecution had originally sought a four‑year prison term for the manager and a 4 million‑franc fine for the bank, along with a claim for about 100 million francs in compensation.