Swiss banking group Julius Baer has launched an internal probe of money transfers related to a FIFA corruption case.
The Swiss lender is one of the banks involved in money transfers in a US indictment of 14 FIFA as well as regional soccer officials in May 2015. However, it has not been accused of any wrongdoing yet.
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"We have launched an internal investigation. We are fully cooperating with the authorities," a Julius Baer spokesman said.
The bank is already under the scanner by the US Justice Department over its involvement in aiding offshore tax evasion for American taxpayers.
Settlement of that dispute is expected to offer certainty over the capital the firm might return to shareholders, use to make acquisitions or invest in current businesses.
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By GlobalData
