Following our report last month that HSBC and Standard Chartered, among others, were conducting an internal investigation over the FIFA corruption scandal, it appears that these banks are now being investigated by New York's Department of Justice (DoJ) over whether the banks' internal controls failed to spot questionable payments by figures in the scandal. The DoJ is reportedly looking into a number of transactions between January 2011 and March 2012, including one involving former CONCACAF president Jack Warner who was banned from football for life after he pleaded guilty to racketeering
Following our report last month that HSBC and Standard Chartered, among others, were conducting an internal investigation over the FIFA corruption scandal, it appears that these banks are now being investigated by New York's Department of Justice (DoJ) over whether the banks' internal controls failed to spot questionable payments by figures in the scandal. Other banks in the probe include Barclays, Credit Suisse, Deutsche Bank and Bank Hapoalim.