Julius Baer Admitted Laundering More Than $36 Million in FIFA Bribes
Company: Julius Baer Group Ltd
Summary
In May 2021, Bank Julius Baer admitted in U.S. federal court that it conspired to launder more than $36 million in bribes paid to football officials in the FIFA corruption scandal. The bank entered a three-year deferred prosecution agreement and agreed to pay more than $79 million, including a $43.32 million fine and $36.37 million forfeiture. The criminal information charged the bank with conspiracy to commit money laundering. Source: U.S. Department of Justice https://www.justice.gov/usao-edny/pr/bank-julius-baer-admits-laundering-over-36-million-bribes-fifa-case