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2 clusters · 3 sources · 30 days · First seen · Last updated

Lombard Odier money-laundering conviction

Overview

Switzerland’s Federal Criminal Court convicted the private bank Lombard Odier of aggravated money-laundering related to Gulnara Karimova, the daughter of former Uzbek president Islam Karimov. The court imposed a 3 million Swiss franc fine on the bank and ordered the confiscation of more than 400 million francs linked to the case.

A former manager at the bank also received a 24-month suspended prison sentence for aggravated money-laundering. While the prosecution sought a higher fine and a four-year prison term, criminal proceedings against Karimova and her associates were dismissed because they remain abroad and cannot be tried in Switzerland.

Entities

Federal Criminal Court · Gulnara Karimova · Lombard Odier · Bellinzona · Geneva

Timeline

  1. about 16 hours ago

    [CRIME] 3 sources
    Geneva asset manager sentenced to prison for money laundering

    A Geneva asset manager has been sentenced to nearly eight years in prison by the Swiss Federal Criminal Court for embezzling over 14 million francs and laundering money.

  2. about 1 month ago

    [CRIME] 2 sources
    Lombard Odier fined 3 million CHF in Gulnara Karimova money‑laundering case

    Swiss court fined Lombard Odier 3 million CHF and seized over 400 million CHF in the Gulnara Karimova money‑laundering case; a former manager got a 24‑month suspended sentence.

Sources

cash.ch · finanznachrichten.de · moneycab.com