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US steps up pressure against banks in Fifa probe
Gina Chon in Washington, Laura Noonan and Ben McLannahan in New York
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In this Dec. 2, 2015 photo a man stands in front of the logo at the FIFA headquarters "Home of FIFA" in Zurich, Switzerland. (Walter Bieri/Keystone via AP)
US prosecutors are threatening to punish banks for failing to report suspicious activity on Fifa-related accounts as part of the sprawling corruption probe into world football’s governing body, people familiar with the case told the Financial Times.
The criminal charges could have serious implications if prosecutors proceed. In 2014, JPMorgan Chase paid a $2bn penalty for failing to file such reports in relation to the so-called Ponzi scheme led by Bernard Madoff.
http://www.ft.com/intl/cms/s/0/6595b...#axzz3uJD7D11M
US steps up pressure against banks in Fifa probe
Gina Chon in Washington, Laura Noonan and Ben McLannahan in New York
Share
Author alerts
Clip
In this Dec. 2, 2015 photo a man stands in front of the logo at the FIFA headquarters "Home of FIFA" in Zurich, Switzerland. (Walter Bieri/Keystone via AP)
US prosecutors are threatening to punish banks for failing to report suspicious activity on Fifa-related accounts as part of the sprawling corruption probe into world football’s governing body, people familiar with the case told the Financial Times.
The criminal charges could have serious implications if prosecutors proceed. In 2014, JPMorgan Chase paid a $2bn penalty for failing to file such reports in relation to the so-called Ponzi scheme led by Bernard Madoff.
http://www.ft.com/intl/cms/s/0/6595b...#axzz3uJD7D11M
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