Banque J. Safra Sarasin fined CHF3.5m, ex-relationship manager convicted in Brazilian slush funds case

The Office of the Attorney General of Switzerland (OAG), on 22 August 2025, announced summary penalty orders against Banque J. Safra Sarasin SA - fined CHF3.5 million (US$4.3 million) - and one of its former relationship managers, given a six-month suspended sentence for aggravated money laundering of corrupt payments while working at another bank.

The Office of the Attorney General of Switzerland (OAG), on 22 August 2025, announced summary penalty orders [1] against Banque J. Safra Sarasin SA (BJSS) - fined CHF3.5 million (US$4.3 million) - and one of its former relationship managers, given a six-month suspended sentence for aggravated money laundering of corrupt payments while working at another bank.