Leonteq Issues Statement on Media Article Published Oct. 10

Leonteq says in an article published on Oct. 10, allegations were made concerning two Leonteq issued products distributed by a company based in the BVI, referring to potential tax evasion or money laundering by third parties.

• Says assertion was made that Leonteq should have reported those transactions to the relevant authorities and that a special investigation conducted into this matter was not sufficiently independent
  • Leonteq says allegations were first raised internally in 2021 and investigated by Leonteq’s Compliance department; Investigation found no evidence that would corroborate the suspicions raised
• In addition, Leonteq’s Board of Directors mandated an independent EY team ...