LONDON (Alliance News) - US authorities have ramped up investigations into whether banks should have raised concerns about money flows linked to alleged corruption at football governing body FIFA, The Wall Street Journal reports.
In separate probes, the Brooklyn US Attorney's office and the New York State Department of Financial Services have contacted more than half a dozen banks in connection with FIFA corruption, including HSBC Holdings PLC, Standard Chartered PLC and Barclays PLC.
The probes are understood to be focused on the banks' money-laundering controls, which have increasingly come under regulatory scrutiny in recent years.
http://www.wsj.com/articles/u-s-authorities-probe-banks-handling-of-fifa-funds-1437682616
By Sam Unsted; samunsted@alliancenews.com; @SamUAtAlliance
Copyright 2015 Alliance News Limited. All Rights Reserved.
Barclays (BARC)
HSBC Holdings (HSBA)
Standard Chartered (STAN)
