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Don't remind me again today

Swiss prosecutors just dropped criminal charges on UBS and a former compliance officer from that other major bank, alleging they turned a blind eye to red flags in what became the infamous Mozambique "tuna bonds" mess. The charges center on failures to prevent suspicious money flows tied to the scandal that rocked both banks and put compliance practices under the microscope. Another reminder that lax oversight can come back to bite, even years later.

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ChainWanderingPoetvip
· 12-01 16:50
Drop the charges? Uh... is this what they call "the master of the aftermath"? After all this time, you finally thought to check?
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NotGonnaMakeItvip
· 12-01 16:44
Drop a chicken egg, they should have been checked long ago, are these people blind? The red flags of tuna bonds are so obvious they can't see them.
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WhaleStalkervip
· 12-01 16:42
The thing about tuna bonds... if the compliance officer can shift the blame, what does that indicate? It means the risk control of centralized institutions is just for show.
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GasFeeNightmarevip
· 12-01 16:31
Haha, UBS is back again? These people really are something, bringing up old issues from so many years ago.
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