The Financial Conduct Authority has banned former Credit Suisse employee Detelina Subeva from the UK financial services industry following money laundering convictions in the US.
Subeva becomes the third ex-Credit Suisse employee to be banned for lacking integrity, after her co-conspirators, Andrew Pearse and Surjan Singh, were banned earlier this year in February, following their convictions on the other side of the Atlantic. AllianceBernstein set to sue Switzerland over $17bn Credit Suisse debt wipeout- reports An FCA statement explained Subeva was convicted for conspiracy to commit money laundering in relation to corrupt loans to the Republic of Mozambique. She initially pleaded guilty in the US on 20 May 2019 for her role in a money laundering scheme t...
To continue reading this article...
Join Investment Week for free
Signup and gain exclusive members-only insights - all free of charge!
- Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
- Get ahead of regulatory and technological changes affecting fund management
- Important and breaking news stories selected by the editors delivered straight to your inbox each day
- Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
- Be the first to hear about our extensive events schedule and awards programmes
