FILE PHOTO: The logo of Swiss private bank Julius Baer is seen at a branch office in Zurich, Switzerland February 1, 2021. REUTERS/Arnd Wiegmann/File Photo
NEW YORK (Reuters) - The Swiss bank Julius Baer will pay $79.7 million in a settlement with the U.S. Department of Justice after being implicated in a sprawling corruption probe surrounding FIFA, the world's soccer governing body.
Julius Baer's three-year deferred prosecution agreement on Thursday resolves a money laundering conspiracy charge, and calls for the Zurich-based bank to pay a $43.3 million criminal fine and forfeit $36.4 million.
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