As expected, private Swiss firm Bank Julius Baer & Co. Ltd. (BJB) is resolving a criminal case with the U.S. Justice Department by paying a fine and penalties that are more than double what the bank admits to laundering. The full amount BJB will pay is $79.7 million. The bank has also admitted its role… Read More >>
Julius Baer & DoJ Resolve FIFA Case for $79M
Swiss private bank Julius Baer reports that it has reached a $79.7 million settlement with the U.S. Department of Justice resolving a money-laundering probe involving the Zurich-based world soccer group, Fédération Internationale de Football Association (FIFA). The U.S. settlement follows actions by the Swiss financial services regulator to close its case against the bank. Justice… Read More >>
