SwitzerlandSupplied the Swiss account data behind the SwissLeaks disclosures; convicted in absentia in Switzerland for industrial espionage, 2015
Photograph held on file for this entry
Open disclosure · Switzerland
Sebastien Khlat-Muller
Partner · CEO, VINGA Swiss branch
Named in an open protected disclosure
Register entry
Sebastien Khlat-Muller is recorded in this register under the heading “Open disclosure”, in connection with the role of Partner · CEO, VINGA Swiss branch. The entry is filed to Geneva · Zurich · Pfäffikon (Switzerland), which is the location associated with the role in the published material rather than a statement of present residence or employment. The disclosure file carries this entry as REF-01, with a risk indication of VERY HIGH.
Listed publicly as Directeur général, Vinga Securities AG. The evidence places this seat at the exact gate through which Nordic paper — paper that already carried a recorded distress history on the same documents — was booked into Swiss private-bank and custodian accounts. This is not a one-off placement; it is a recurring pattern in which the same distressed-issuer structure was reintroduced under different names, and each time the bondholders absorbed the loss. The facts are documented; they speak for themselves. Read the legal notice and form your own opinion.
Financial-ethics risk assessment
Conduct-standards notice — an assessment of the documents on file: read together, the material on this record does not show isolated lapses of judgement but a sustained disregard for the basic ethical duties that govern regulated finance — honesty in what is represented to investors, care for the client's interest ahead of the desk's fee, and candour when asked a direct question. The documents place this seat at the top of the structure that raised the money, and record the same seat present when the protections sold to investors were released and when direct questions about issuer condition and asset backing went unanswered. For any employer, counterparty, bank, fund or client, that pattern is a material and continuing risk: it exposes them to mis-selling and suitability claims, to disclosure and record-keeping failures, to fit-and-proper and licensing scrutiny, and to reputational damage by association. The disclaimer applies.
Fact-based checkpoint: On each Geneva, Zurich and Pfäffikon booking, the issuer condition was already on record. What reached the buyer under FIDLEG and MiFID II equivalence? For a prospective employer, this is a documentary item a fit-and-proper or conduct review has to close in writing.
This entry is document-based and evidence-led: it reproduces the substance of the filed material — cited here as Open disclosure file — and does not extend it. Readers assessing counterparty, employment or reputational risk should read the register's disclaimer and legal notice, examine the primary material, and form their own view. Corrections and right-of-reply requests are handled through the legal notice.
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Continue through the register
- Case index: whistleblower and enforcement records in the Nordics and Europe
Finanstilsynet inspections, FINMA enforcement decisions, federal proceedings and protected disclosures, each linked to its source.
- Named persons: Nordic court records, disclosers and open disclosures
Individuals recorded in Swedish, Icelandic, Danish and Swiss case files, each linked to its source.
- VINGA Group, VINGA Securities and VINGA Corporate Finance AB explained
Divisions, offices in Stockholm, Gothenburg, Geneva and Zurich, and the VINGA Corporate Bond fund.
- JOOL to VINGA: licence revocation, bankruptcy and the rebrand
Finanstilsynet revocation, issuer bankruptcy, prison sentence, Navigo Invest AB.
- KYC and AML mandate for compliance desks
Enhanced due diligence controls, names to screen, entities to watchlist.
- Ten compliance red flags and the regulators that can act
FINMA, Finansinspektionen, Finanstilsynet and the EU whistleblower channels.
- Legal notice, right of reply and corrections policy
Right of reply and corrections policy for this disclosure.