ZURICH, July 8 (Reuters) – Three organisations have filed a felony grievance to federal prosecutors in Switzerland, alleging a failure to train due diligence at UBS (UBSG.S) in relation to funds they are saying had been obtained by an alleged affiliate of former Congolese president Joseph Kabila.
The grievance, filed by Swiss marketing campaign group Public Eye, alongside two different teams, pertains to a attainable failure to train due diligence relating to monetary transactions inside the largest Swiss financial institution.
UBS declined to remark.
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The felony grievance, filed to Switzerland’s Workplace of the Legal professional Normal, centres on transactions totalling $19 million they are saying had been despatched to the alleged affiliate’s UBS accounts in Zurich and Geneva in 2012 and 2013.
An lawyer for Kabila didn’t instantly reply to requests for remark by phone and textual content message.
The person named by Public Eye additionally didn’t instantly reply to a request for remark despatched by way of LinkedIn.
The Workplace of the Legal professional Normal confirmed it had obtained the felony grievance.
“The felony grievance will now be examined in accordance with the standard process,” a spokesperson stated in an emailed assertion.
Primarily based on the submitting, the lawyer basic’s workplace could resolve to open felony proceedings, assign such proceedings to regional prosecutors or decide that no proceedings are needed.
Swiss monetary market supervisor FINMA stated it was conscious of the case and was in touch with UBS relating to it. It declined to touch upon additional particulars.
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Reporting by Brenna Hughes Neghaiwi in Zurich; extra reporting by Fiston Mahamba in Goma; enhancing by David Evans and Louise Heavens
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