bank to strengthen its anti-money laundering policy. The New York Fed would indeed have found malfunctions in its procedures in the United States. Within 90 days, Credit Suisse 's board of directors will have to submit a reform plan to better monitor potentially illicit activities. This plan “should provide a sustainable governance framework that, at a minimum, takes into account and includes actions to improve policies, procedures and controls for BSA [banking secrecy law] and AML [anti-money laundering law] compliance. ]”. These actions should not be limited to US operations.

The bank will have to report regularly on its actions, otherwise it risks heavy financial penalties. In December 2016, she was fined $16.5 million. He was accused of not having been able to detect illegal transactions carried out by entities that were not registered with the American authorities: 55 million company shares had changed hands between January 2011 and September 2013, via Credit Switzerland , without being reported to regulators.

An “improvement plan”

The Financial Industry Regulatory Authority had established that the bank had not assigned enough staff to risk control. She had agreed to pay the financial penalty but without admitting her guilt, which allowed her to keep her banking license. The same year, it had also reached an agreement of 5.3 billion dollars with the American authorities for its role in the subprime crisis. This time, Credit Suisse , also targeted by investigations in Europe, wants to be reassuring and says it has "implemented a vast plan to improve procedures and monitoring of banking secrecy and money laundering" in its new branch. -yorkaise, which meets “largely the requirements” of the Fed.