In December 2016, an investigation was opened in Switzerland against Banque Lombard Odier & Cie (the ‘Bank’) for alleged money-laundering in relation to the ‘Uzbek case’.
The formal court hearings against the Bank and one of its former employees are scheduled to commence on 27 April 2026 at the Swiss Federal Criminal Court in Bellinzona. The hearings are expected to continue until the end of May, with a judgement likely to be reached in the following months.
The events under review date back more than fifteen years and have already been extensively reported in the media.
Importantly: the Swiss prosecutor is not claiming that Lombard Odier knowingly or willingly participated in any money laundering activity. The claims raised against the Bank pertain to alleged organizational shortcomings in relation to the effective prevention of money laundering. The Bank firmly refutes these allegations and intends to defend itself at trial.
The upcoming trial has no impact on the Bank’s operations. We remain fully committed to compliance with all relevant laws and regulations, and to serving our clients with the highest standards of professionalism, integrity and long-term dedication.
This is a marketing communication issued by Bank Lombard Odier & Co Ltd (hereinafter “Lombard Odier”).
It is not intended for distribution, publication, or use in any jurisdiction where such distribution, publication, or use would be unlawful, nor is it aimed at any person or entity to whom it would be unlawful to address such a marketing communication.
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