Leaked Letters Give Insight Into Anti-Money Laundering Gaps at Swiss Bank Reyl

The report describes Swiss regulator FINMA’s inquiries into Reyl bank’s handling of high-risk clients linked to Russian and Central Asian elites, highlighting how Reyl opened and later terminated accounts for figures such as Leonid Reiman, Tatyana Komissarenko, and Natalia Ponomarenko after adverse media coverage by OCCRP. It details internal due diligence, client acceptance committee decisions, and reputational risk management, and notes FINMA’s focus on connections to Azerbaijan’s ruling family via asset manager Olivier Mestelan. Overall, the piece centers on anti-money laundering and compliance actions rather than cybersecurity incidents.