Bankers convicted for aiding Putin's friend in setting up Swiss account.

Four former bankers with the Swiss affiliate of Gazprombank were found guilty of failing to properly check accounts opened in the name of a Russian cellist with ties to President Vladimir Putin. The verdict follows a one-day trial based on information about secret financial flows revealed in the Panama Papers leaks in 2016. The former Gazprombank employees were charged with failing to adequately check whether the cellist actually owned the assets in the accounts. The defendants were handed suspended sentences in Zurich district court that, if violated, could lead collectively to hundreds of thousands of Swiss francs in fines.