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Old 25.08.2020, 10:39
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Re: CH investigates King Juan Carlos

I guess a major reason a CH prosecutor is investigating is because the guy has fallen into disgrace somewhere else in the world. In this case, it's totally appropriate to maintain the appearances. Something like crooks are welcome as long as you're not recognized as one because we don't do business with them.

In less cynic terms, the prosecution of the ex-king is precisely what bank compliance is about: ensure that the bank complies with applicable laws and regulations. If the bank and local authorities don't investigate, it will damage the reputation of CH and the bank because it signals they don't care about compliance.

Last edited by Axa; 25.08.2020 at 11:12. Reason: Added the compliance part, 2nd paragraph.
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