He added it "The agreement does not provide for the admission of criminal responsibility".
French financial prosecutors opened an investigation in 2016 and found that 5,000 French citizens had unauthorized accounts with Credit Suisse, hiding two billion euros, according to reports. Court.
The judge who oversaw the settlement said Credit Suisse officials were looking for potential clients through visits to luxury French restaurants and hotels and avoiding the bank’s offices in that country.
Prosecutor Francois Xavier Dolan confirmed that the deal was considered "Systematic character, long term and the creation of tools to hide" The group looked for French clients between 2005 and 2012.
He explained that Credit Suisse has set up offshore entities to help clients avoid disclosing certain assets to authorities French.
Prosecutors added that the deal also took into account the bank’s current cooperation and corrective actions taken.
In its statement, Credit Suisse expressed "We are pleased that this matter has been resolved, which is another important step in proactive resolution of disputes and obligations related issues.".
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Under the agreement, the second Swiss banking group pays a fine of 123 million euros, as well as an amount of 115 million euros in damages and interest to the French state.
She said Credit Suisse It has reached an agreement “to turn the page on a matter of procedures related to a service investigation banking cross-border special.
“The agreement does not include an admission of criminal liability,” he added.
French financial prosecutors opened an investigation in 2016 and found that 5,000 French citizens had unauthorized accounts with Credit Suisse, hiding two billion euros, according to reports. Court.
The judge who oversaw the settlement said Credit Suisse officials were looking for potential clients through visits to luxury French restaurants and hotels and avoiding the bank’s offices in that country.
Prosecutor Francois-Xavier Dolan said the deal took into account the “systematic nature, duration and creation of tools to hide” the research of the French client group between 2005 and 2012.
He explained that Credit Suisse has set up offshore entities to help clients avoid disclosing certain assets to authorities French.
Prosecutors added that the deal also took into account the bank’s current cooperation and corrective actions taken.
In its statement, Credit Suisse expressed “it is delighted that the matter has been resolved, which represents another important step in proactive resolution of disputes and obligations”.
