Swiss OAG fines Bank J. Safra Sarasin CHF 3.5M for failing to prevent around $71M in aggravated ML linked to the Petrobras Lava Jato corruption case between 2011 and 2014

The Swiss private bank was fined CHF 3.5m (~€3.64m) after its accounts channeled $71m in bribes to Petrobras executives between 2011–2014, of which $28.5m was stopped by other banks. The fallout includes a CHF 16m settlement with Petrobras and a former banker sentenced to six months…