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Credit Suisse says it shut Ai Weiwei account due to missing paperwork

Credit Suisse closed a bank account of dissident Chinese artist Ai Weiwei because of missing paperwork, it said on Saturday, responding to his accusation that the Swiss bank had shut him out as part of a strategy to win business in China. “The bank’s decision was made in spring 2021 because Mr Weiwei did not provide legally required information despite repeated requests from the bank,” the bank said in a statement to Reuters. “The termination of the client relationship was justified by business reasons,” it added, confirming an earlier report in Swiss newspaper Tages-Anzeiger.

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