FCA investigation pulled apart by tribunal, as three bans overturned

Three bankers who worked for Julius Baer when corrupt payments were unwittingly made by the firm to persons connected with the Yukos Group, have had their provisional bans thrown out by the Upper Tribunal. [1]

During 2010 and 2011, when the 'commission' payments were made, Louise Whitestone was the relevant relationship manager in London, Thomas Seiler was the Switzerland-based market head of Russia as well as Central and Eastern Europe, while Gustavo Raitzin, who also lived in Switzerland, was regional head for a number of territories.