US steps up pressure against banks in Fifa probe
US prosecutors are threatening to punish banks for failing to report suspicious activity on Fifa-related accounts as part of the sprawling corruption probe into world football’s governing body, people familiar with the case told the Financial Times.
The criminal charges could have serious implications if prosecutors proceed. In 2014, JPMorgan Chase paid a $2bn penalty for failing to file such reports in relation to the so-called Ponzi scheme led by Bernard Madoff. ...
See the whole story here, courtesy of FT.com.
Kicking Back Comments: The US DOJ is leaving no stone unturned with FIFA. I will be curious to see how many bank "spill the beans" on them in an effort to save their own skin and face very harsh fines if implicated in the matter. Either way, Ms. Lynch is earning her new title as "FIFA Slayer."
There is however a price that may have to be paid with regard to ISIS if the investigation keeps going the way it does. US, FIFA, and ISIS I think are about to intersect in an interesting way. It makes me wonder if Qatar will get its World Cup, so the US can pursue ISIS.
Stay tuned for that though later this week.