Sign at the entrance to the FIFA head office in Zurich, Switzerland. Ugis Riba/Shutterstock.com Swiss Bank Agrees to Pay $80 Million for Involvement in FIFA Money Laundering Scheme
A Swiss bank laundered more than $35 million in bribe payments through the United States as part of "a scheme in which sports marketing companies bribed soccer officials in exchange for broadcasting rights to soccer matches," according to court documents in the case in Brooklyn federal court.
May 27, 2021 at 06:24 PM
2 minute read
The original version of this story was published on New York Law Journal
In an international soccer corruption case, a Swiss bank will pay nearly $80 million in penalties after conspiring to launder money in collaboration with Fédération Internationale de Football Association (FIFA) officials, the U.S. Attorney's Office for the Eastern District of New York announced Thursday.
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