Swiss bank UBS says it is “co-operating with authorities” investigating financial corruption linked to FIFA.
UBS says in its quarterly report published on Tuesday it was contacted about accounts relating to FIFA and other related associations and individuals.
“UBS has, and reportedly numerous other financial institutions have, received inquiries from authorities concerning accounts relating to the Federation Internationale de Football Association (Fifa) and other constituent soccer associations and related persons and entities,” Switzerland’s largest bank said in its earnings statement.
“UBS is cooperating with authorities in these inquiries,” it said.
Switzerland attorney general Michael Lauber said in September he had reports of 121 accounts suspected of links to money laundering.
According to Swiss law, banks are required to report all suspicious accounts and transactions.
FIFA has been in crisis since May, when US authorities announced charges against 14 officials and sports marketing executives over bribery allegations.
The Swiss case relates to criminal mismanagement at FIFA and money laundering linked to the 2018-2022 World Cup bidding contests.
UBS joins Credit Suisse and Julius Baer among banks in Switzerland to acknowledge they are helping prosecutors.
