This page is not available in your selected language. Your language preference will not be changed but the contents of this page will be shown in English.

如需选择其他地区站点,请浏览以下的瑞士宝盛业务据点选项。倘若未提供您所选地区,请前往我们的国际站点。

电子服务

请选择
附加电子服务

*您的当前位置是基于您的 IP 地址的近似值,不一定代表您的国籍或住所。

Language:

Julius Baer reaches agreement to resolve FIFA matter in the US

share-mobile

分享

分享

Julius Baer has reached an agreement in principle with the U.S. Department of Justice to settle an investigation in the FIFA matter. The Group has taken a provision of USD 79.7 million, which will be reflected in its 2020 financial results.

Zurich, 9 November 2020 – As anticipated on 16 September 2020, Julius Baer has reached an agreement in principle with the U.S. Department of Justice (DOJ), resolving the investigation of the Bank’s role in corruption events around the world soccer federation FIFA.

The agreement entails Julius Baer entering into a three-year deferred prosecution agreement and a financial component, for which Julius Baer has taken a provision of USD 79.7 million to be charged against its 2020 financial results. Julius Baer anticipates that it will execute a final resolution in this matter with the DOJ shortly. This will mark another step in Julius Baer management’s continued efforts to pursue the closure of remaining regulatory and legal matters in cooperation with the relevant authorities.

As previously reported, Julius Baer has been cooperating with the DOJ since 2015 in its investigation of alleged money laundering and corruption involving officials and affiliates of FIFA and associated sports media and marketing companies. The related regulatory proceeding in Switzerland was closed in February 2020, and the shortcomings identified are being remediated by Julius Baer through a comprehensive programme initiated in 2016.

Measures already taken include de-risking the business by re-documenting each one of the Bank’s client relationships and discontinuing certain individual relationships and operations not commensurate with Julius Baer’s risk appetite; renewing and strengthening the entire risk organisation; as well as introducing an enhanced Code of Ethics and Business Conduct.

聯絡