Credit Suisse found guilty in cocaine cash laundering case

FILE PHOTO: The logo of Swiss bank Credit Suisse is seen at its headquarters in Zurich, Switzerland. REUTERS/Arnd Wiegmann

BELLINZONA, Switzerland: Credit Suisse was convicted by Switzerland's Federal Criminal Court of failing to prevent money laundering in the country's first criminal trial of one of its major banks.

A former employee was found guilty of money laundering in the trial, which included testimony on murders and cash stuffed into suitcases and is seen as a test case for prosecutors taking a tougher line against the country's banks.