Violation Tracker Individual Record

Company: 
Bank Julius Baer & Co. Ltd.
Current Parent Company: 
Julius Baer Group
Penalty: 
$79,000,000
Year: 
2021
Date: 
May 27, 2021
Offense Group: 
financial offenses
Primary Offense: 
money laundering
Violation Description: 

Bank Julius Baer & Co. Ltd., a Swiss bank with international operations, admitted that it conspired to launder over $36 million in bribes through the United States to soccer officials with the Federation Internationale de Football Association (FIFA) and other soccer federations, in furtherance of a scheme in which sports marketing companies bribed soccer officials in exchange for broadcasting rights to soccer matches.

Level of Government: 
federal
Action Type: 
agency action
Agency: 
Justice Department Criminal Division
Civil or Criminal Case: 
criminal
Prosecution Agreement: 
deferred prosecution agreement
HQ Country of Parent: 
Switzerland
Ownership Structure of Parent: 
publicly traded
Major Industry of Parent: 
financial services
Specific Industry of Parent: 
banking
Source Notes: 
If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Parent company note: 
Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.