The Public Ministry of the Confederation suspects the Pictet & Cie bank of aggravated money laundering. The information was relayed by the information portal, specializing in white-collar crime, Gotham City.

Banque Pictet & Cie is suspected of aggravated money laundering and bribery of foreign public officials. Gotham City is based in particular on several judgments of the Federal Court (TF) in which the names of the protagonists are redacted. In these documents, the TF indicates that the bank failed to take reasonable and necessary measures to prevent acts of money laundering in an embezzlement case in Kuwait, between 2003 and 2012. The procedure against of the bank was launched in January 2020.