Bankers allegedly took several steps, described in the prosecution’s opinion on the case as akin to 007 techniques.
The bank dispatched bankers across the border to seek out new clients even though they lacked the paperwork - a banking license or European passport - to offer such services in France, the lead investigator wrote in the indictment ahead of the trial which starts on Monday afternoon.
When they came over from Switzerland to France UBS bankers allegedly took several steps, described in the prosecution’s opinion on the case as akin to 007 techniques and listed in a “security risk governance” manual, to avoid detection by authorities. They used encrypted computers, had business cards without the bank’s logo and were told to switch hotels regularly, according to prosecutors.
“After more than six years of legal proceedings, we will finally have the opportunity to respond to the often unfounded allegations that were frequently leaked to the media, in clear violation of the presumption of innocence and the legal confidentiality of the process,” UBS said in an emailed statement to Bloomberg.
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