Bank Julius Baer agreed to pay more than $79 million in penalties over its role in the ‘FIFAgate’ scanadal.
NEW YORK: Swiss Bank Julius Baer admitted it participated in money laundering of $36 million in bribes in the “FIFAgate” scandal over television broadcast rights, US officials announced on Thursday.
The bank admitted in federal court that it conspired to launder the funds through the United States to officials with FIFA and soccer federations in the Americas.
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