Swiss banks face US money-laundering probe, again

Swiss banks have a new money-laundering worry: Venezuela.

Switzerland has agreed to turn over records from at least 18 banks involving Venezuela’s state oil firm, Petroleos de Venezuela, which is the subject of a widening corruption probe by the US Department of Justice, according to Swiss regulators.

Among the banks are UBS, EFG Bank, and CBH Compagnie Bancaire Helvetique, said a person briefed on the matter. Spokespeople for the banks declined to comment.