Basic Search  |  Summaries  |  Advanced Search

Violation Tracker Individual Record

Company: Bank Julius Baer & Co. Ltd.
Current Parent CompanyJulius Baer Group
Parent at the Time of the Penalty Announcement subscribe to see this data field
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 Current Parent: Switzerland
Ownership Structure of Current Parent: publicly traded
Major Industry of Current Parent: financial services
Specific Industry of Current Parent: banking
Source of Data(click here)
Source Notes: If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.