One of two Swedes who were reportedly jailed for life for violating Philippines’ human trafficking laws. The pair had run a cybersex den catering to foreigners in the tiny Philippine town of Kauswagan where online customers could watch livestreamed sex acts, often of an abusive nature.

A representative for Sederholm said Credit Suisse never froze his accounts and did not close them until 2013 when he was unable to provide due diligence material. Asked why Sederholm needed a Swiss account, they said that he was living in Thailand when it was opened, adding: “Can you please tell me if you would prefer to put your money in a Thai or Swiss bank?”