C Suisse receives inquiries related to FIFA probe

Credit Suisse has received inquiries from authorities investigating FIFA in Switzerland and the U.S. focusing on its relationship with people named in a May indictment, the bank said in its financial report for the third quarter Friday.

Bloomberg News reports that authorities are investigating whether financial institutions, including Credit Suisse, allowed the processing of suspicious or otherwise improper transactions, or failed to observe anti-money laundering laws in relation to their dealings with the soccer’s governing body, the bank said.

Credit Suisse is the first global bank to say it is being probed in the matter, less than two years after it pleaded guilty to aiding tax evasion in the U.S. Several banks, including Julius Baer Group Ltd., started internal investigations after the Department of Justice named them in an indictment of soccer officials.

To access the complete Bloomberg News article hit the link below:

Credit Suisse Received FIFA Inquiries Amid Swiss, U.S. Probes

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