# Lombard Odier money-laundering conviction

> Live situation record from CLSTR: https://clstr.news/situations/lombard-odier-money-laundering-conviction
> Updated: 2026-08-25T10:57:17.000Z. Sources: 3. Developments: 2.

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.

## Timeline

### 2026-08-25: 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.

3 sources. https://clstr.news/cluster/geneva-asset-manager-sentenced-to-prison-for-money-laundering

### 2026-07-27: 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.

2 sources. https://clstr.news/cluster/swiss-bank-lombard-odier-fined-3-million-chf-in-gulnara-karimova-moneylaundering-case

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Cite as: Lombard Odier money-laundering conviction. CLSTR, https://clstr.news/situations/lombard-odier-money-laundering-conviction