FIFA Scandal Implicates Banks
Date: August 6, 2015

In the aftermath of the indictment of FIFA officials, U.S. prosecutors and international regulators have opened probes into potentially related bank fraud. The federal indictment, unsealed in May, charged multiple FIFA officials with money-laundering and other crimes, and also named over two dozen banks that allegedly furthered the scheme by knowingly processing illegal transactions and failing to monitor suspicious activity by FIFA officials and executives.

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