Former Swiss Bankers Association head gets suspended sentence for Kuwaiti bribery

A Swiss federal court convicted the former head of the Swiss Bankers Association of paying CHF 82.3 million to a senior Kuwaiti official from 2000 to 2012, handing down a suspended two-year sentence. The case highlights ongoing enforcement of foreign bribery laws in Switzerland, though the suspended sentence may signal leniency for the defendant. The conviction underscores compliance risks for financial intermediaries in cross-border dealings.