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Bank secrecy targeted in money laundering case - SWI swissinfo.ch

Geneva - not just a city of tourist attractions. (Reuters)

Geneva - not just a city of tourist attractions.

(Reuters)

At the heart of the scandal on the Swiss side are two bankers, while in France most attention has been focussed on a Green Party politician, Florence Lamblin, deputy mayor of one of the arrondissements - or districts - of Paris.

On October 10, after a discreet seven month investigation, the French police detained 17 people. One of them, known only as M, is suspected of conducting a huge cannabis smuggling operation between Morocco and France. Lamblin for her part, is being questioned over possible money laundering.

The police discovered €400,000 (SFr484,000) in low-value notes in Lamblin’s flat and in safes belonging to her. She is one of...

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URL: 
http://www.swissinfo.ch/eng/bank-secrecy-targeted-in-money-laundering-case/33750772