Crossword Genius

State Swiss banks neglected fraud crime (9)

Ross

I believe the answer is:

wisconsin

I'm a little stuck... Click here to teach me more about this clue!

'state swiss banks' is the definition.
'wisconsin' can be an answer for 'state' (I've seen this before). I am unsure of the 'swiss banks' bit.

'neglected fraud crime' is the wordplay.
'neglected' becomes 'wis' (I am not sure about this - if you are sure you should believe this answer much more).
'fraud' becomes 'con' (con is a kind of fraud).
'crime' becomes 'sin'.
'wis'+'con'+'sin'='WISCONSIN'

Can you help me to learn more?

(Other definitions for wisconsin that I've seen before include "American state, capital Madison" , "Northern state" , "State of N. central US" , "US state, capital Madision" , "State of north central US" .)

I've seen this clue in The Telegraph.
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