346 victims of a money-laundering fraud

Four banks of the Principality of Monaco were told they must respect the ruling of a court in Lugano of long-running legal case, and restitute a total of 33 million euros to 346 victims of a money-laundering fraud in Switzerland.

The banks named are Credit du Nord, EFG Bank, Andbank and Credit Lyonnais.

A total of six accounts were held in the banks in the name of an Italian man in his fifties, who was not present to argue his case at the court.

Monaco Wealth Management

Since 2010, Monaco Wealth Management has built an exemplary reputation by serving the residential, business, and international communities of The Principality of Monaco. It was founded to bring transparency to the business actors of the Principality of Monaco.

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