Credit Suisse Probed by U.S., Switzerland in FIFA Case
- Authorities investigating possible improper transactions
- Credit Suisse first global bank to disclose FIFA questioning
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U.S. and Swiss authorities are investigating Credit Suisse Group AG’s relationships with FIFA officials named in a U.S. criminal indictment, the lender said, making it the first global bank to disclose that it is being questioned in the corruption probe that has rocked soccer’s governing body.
Authorities have said they are investigating whether financial institutions allowed the processing of suspicious or otherwise improper transactions or failed to observe anti-money laundering laws in their dealings with FIFA, the bank said Friday in its financial report for the third quarter. Credit Suisse said is cooperating with the authorities.