The Paris Court of Appeal confirmed on Tuesday 17 December 2025 the conviction for aggravated money laundering of the Swiss bank En At first instance, the criminal court pointed out the lack of checks when opening an account linked to VAT fraud.

Swiss bank Julius Baer was sentenced to two a million euros fine by the Paris Court of Appeal, which confirmed its conviction for aggravated money laundering, in the context of a case of carbon tax fraud called “Twilight”. The “Twilight” folder is one of the multiple branches of the gigantic VAT scam on the CO2 market, which in total cost the tax authorities 1.6 billion euros French.

At first instance, in March 2022, the court Paris Criminal Court had sentenced the bank to a fine of five millions of euros.

In this 146 million euro installment of The “fraud of the century” with VAT on the market for rights to pollute, twelve persons had been sentenced to terms of up to 10 years of imprisonment in 2017 and 2019.