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World chess body's bank accounts closed

Average Sentiment: Objective (0.64)
Thursday 01:32 GMT
Category: Economy

The World Chess Federation (FIDE) says its Swiss bank accounts have been closed after its president was accused of facilitating transactions on behalf of the Syrian government.

UBS told The Telegraph newspaper that it does not comment "on whether individuals or organizations are clients of UBS", but that it follows "all laws and regulations that are applicable to us".


“Four hostile newspapers are more to be feared than a thousand bayonets...” ― Napoléon Bonaparte