The Swiss Financial Market Supervisory Authority (FINMA) has found deficiencies in Credit Suisse's anti-money laundering obligations in relation to suspected corruption at Brazilian and Venezuelan oil majors Petrobras and PDVSA.
It also indentified shortcomings regarding dealings with football governing body FIFA and an unnamed "politically exposed person."
FINMA said it had decreed measures to further improve anti-money laundering processes and to accelerate the implementation of steps already initiated by the bank.
