Swiss investment bank Credit Suisse is facing a new investigation into an earlier money laundering case related to a defunct asset manager, reported Bloomberg citing unnamed sources.

The new probe, launched by Swiss prosecutors, will investigate if the bank did enough to stop money laundering in the case.

The proceedings were launched in 2016 against TG Investments and its two partners for hiding a trading loss with unauthorised transactions.

They were charged with forging signatures and misrepresentation of orders to cover losses of up to CHF150m ($149m). The custodian bank of the company was Credit Suisse.

Under the new investigation, the prosecutors will probe against four people at Credit Suisse and four from the TG Investments, including two of its founding partners.

One of the persons familiar with the matter told Bloomberg that the prosecutors are focused on around 40 transactions out of nearly 50,000 trades carried out by the clients between 2009 and 2015.

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In an emailed statement to the publication, Credit Suisse stated: “Credit Suisse firmly rejects any criminal liability and will vigorously defend itself against the allegations with all available means.”

Under Swiss law, a bank can be held guilty if it is found that it did not do enough to stop unlawful transfers.

Earlier this month, Credit Suisse announced its third quarter results of the year. Its wealth management division reported CHF785bn in assets under management, an increase of 4% on last year.