As the scandal for major world soccer organization FIFA continues to grow, Credit Suisse of Switzerland has been dragged into the discussions. The Swiss bank confirmed its involvement on Friday.

The bank has been said to have conducted business with FIFA in the past. Now authorities are suspecting that the bank may have played a major role in FIFA’s unlawful activities.

According to Credit Suisse, representatives from the bank have been questioned by authorities from the United States and Switzerland if they were involved in the corruption and money laundering scandal that allegedly took place at the world’s leading soccer organization.

The bank said in a statement contained within its third quarter financial report, “The U.S. and Swiss authorities are investigating whether multiple financial institutions, including Credit Suisse, permitted the processing of suspicious or otherwise improper transactions, or failed to observe anti-money laundering laws and regulations, with respect to the accounts of certain persons and entities associated with FIFA.”

Additionally, inquiries also affected people who were a part of the group of FIFA officials that were indicted by the United States last May.  

Credit Suisse has stated that it plans to cooperate with the investigation. The bank is the first financial institution to admit that it has been facing scrutiny in regards to the FIFA scandal.

According to the United States Department of Justice, money that was involved in the FIFA scandal also passed through other banks, such as JPMorgan Chase, Bank of America and Citibank,

FIFA is currently facing multiple investigations. The investigation regarding the organization’s alleged money laundering and corrupt behavior began earlier this year. Several officials from FIFA have already been charged with bribery, fraud and money laundering.

Additionally, the attorney general in Switzerland is looking into corruption that may have occurred by awarding Russia and Qatar the respective 2018 and 2022 FIFA World Cups.

FIFA has already suspended three top-ranking officials for 90 days, including president Sepp Blatter.

Sign Up for Our Newsletters

Get notified of the best deals on our WordPress themes.

You May Also Like

Saudi Arabia Executes 100th Prisoner Of The Year, On Pace For Record Human Rights Abuses

Saudi Arabia is setting new records for the wrong reasons, as it…

ISIS Declares War On Palestine, Kills Top Hamas Commander

The Islamic State (ISIS) seems to want war with everyone, everywhere as…

Dangerous Underwater Tornadoes Are Swirling Around South China Sea Islands

Chinese scientists have found a series of underwater tornadoes near the Paracel…

The effects of sexual assault

Recently with all the news about Bill Cosby and R. Kelly there…