ubs it has received inquiries over fifa banking links
Last Updated : GMT 06:49:16
Arab Today, arab today
Arab Today, arab today
Last Updated : GMT 06:49:16
Arab Today, arab today

UBS: It has received inquiries over FIFA banking links

Arab Today, arab today

Arab Today, arab today UBS: It has received inquiries over FIFA banking links

A Swiss flag is seen behind a sign of Swiss bank giant UBS
Geneva - AFP

Swiss banking giant said Tuesday that it too had been questioned over links with , after acknowledged last week it was being probed in the massive corruption scandal rocking football's governing body.

" has, and reportedly numerous other financial institutions have, received inquiries from authorities concerning accounts relating to the Federation Internationale de Football Association () and other constituent soccer associations and related persons and entities," Switzerland's largest bank said in its earnings statement.

" is cooperating with authorities in these inquiries," it said.

The announcement came after the bank's main Swiss rival announced Friday that it was under investigation by Swiss and US authorities over banking links with officials accused of bribery and corruption.

said the investigation focused on individuals and entities "including but not limited to certain persons and entities named and/or described in the May 20, 2015 indictment filed in " as part of an ongoing investigation into alleged corruption.

has been in crisis since May, when US authorities announced charges against 14 officials and sports marketing executives over bribery allegations amounting to more than $150 million.

As the investigation has deepened, the scandal-plagued organisation has come under pressure to undergo deep reform with major sponsors queueing up to demand become more accountable and transparent.

Last month, long-time president was suspended, as was chief , who still has his sights set on Blatter's job.

A new head is set to be elected on February 26.

Sponsors have been urging a reform process similar to that used by the after it was dragged into a bribery scandal over the 2002 Winter Olympics.

According to Swiss law, banks are required to report all suspicious accounts and transactions.

In July, Swiss authorities said they had uncovered 81 suspected money laundering transactions linked to the scandal.

And in September, 's attorney said investigators had seized assets, including apartments in the Alps, and were scrutinising 121 bank accounts.

"Clearly, we are not even near the half-time break," he told reporters at the time.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

ubs it has received inquiries over fifa banking links ubs it has received inquiries over fifa banking links

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

ubs it has received inquiries over fifa banking links ubs it has received inquiries over fifa banking links

 



GMT 02:36 2017 Saturday ,23 December

Syrian regime forces bombarded Hama killing dozens

GMT 06:54 2017 Friday ,22 December

US vice president makes unannounced Afghanistan visit

GMT 11:28 2018 Wednesday ,17 January

Ambassador of Switzerland meets MP Khalil

GMT 20:05 2011 Friday ,05 August

Sikorsky delivers first S-701 helicopters

GMT 13:47 2017 Thursday ,14 September

EU citizens, British expats rally for Brexit rights

GMT 21:08 2016 Tuesday ,22 November

Kuwaiti Oil Price Goes up to $42.51 pb

GMT 04:03 2017 Tuesday ,25 July

Jamaica stuns Mexico to reach Gold Cup final

GMT 18:52 2015 Saturday ,12 December

Nusra chief rejects outcome of Riyadh meet on Syria

GMT 10:04 2017 Thursday ,13 April

Mattis: No Doubt the Syrian Government Responsible

GMT 14:05 2017 Thursday ,02 March

Canada economy grew 2.6% in fourth quarter
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday