Credit Suisse says upgrading money-laundering controls after Fed order

Reuters

Published Dec 22, 2020 11:43AM ET

ZURICH (Reuters) - Credit Suisse (SIX:CSGN) said on Tuesday it was upgrading its anti-money laundering controls after the U.S. Federal Reserve ordered the Swiss bank to address deficiencies within 90 days to make sure it catches illicit activities.