The Swiss Finance Ministry has appealed a court ruling that overturned a 100,000 Swiss franc ($127,000) fine imposed on former Credit Suisse executive Lara Warner over her alleged failure to report suspicious transactions linked to Mozambique’s hidden debt scandal.
A spokesperson for the ministry confirmed that the Federal Department of Finance has filed an appeal with the Appeals Chamber of the Federal Criminal Court but declined to provide further details, according to Reuters report.
The dispute stems from a 2025 penalty order in which Swiss authorities accused Warner, the former chief compliance officer at Credit Suisse, of failing to notify Switzerland’s anti-money-laundering agency of a March 2016 transaction involving approximately $7.8 million.
According to the ministry, the funds were transferred from Mozambique’s Ministry of Finance to a Credit Suisse account in Switzerland before being moved shortly afterwards to an account in the United Arab Emirates. Authorities said the money was likely of illegal origin and should have triggered a money laundering report.
Last week, Switzerland’s Federal Criminal Court overturned the fine, ruling that the case had exceeded the applicable statute of limitations. The ministry is now seeking to reverse that decision through the appeals process.
