Bank Hapoalim agrees to pay more than $ 30 million for its participation in the FIFA scandal: DOJ
WASHINGTON: Bank Hapoalim B.M. agreed to pay more than $ 30 million for his role in the surrounding money laundering conspiracy FIFA , the world governing body of soccer, said Thursday the Department of Justice of the United States.
The Israeli bank and its Swiss affiliate admitted that, through employees, they conspired to launder more than $ 20 million in bribes and bribes to football officials with Fédération Internationale de Football Association (FIFA) and other soccer federations, the DOJ said in its statement.
The agreement between the US government. USA And the bank is the latest development to emerge from an expanding corruption investigation that was unveiled in 2015. The firm admitted that from December 2010 to February 2015, bank employees agreed to launder bribes and illegal commissions, which were delivered in exchange for broadcast rights to sports marketing executives, US prosecutors said.
For nearly five years, Bank Hapoalim employees used the US financial system to launder tens of millions of dollars in bribe payments to corrupt soccer officials in multiple countries, Assistant Attorney General Brian A. Benczkowski of the Justice Department's Criminal Division said in Thursday's statement .
Bank executives admitted that they allowed the illicit activity to continue even after employees reported it, according to the Department of Justice and the Federal Bureau of Investigation. As part of the deal, US prosecutors agreed that they will not prosecute the bank for three years in exchange for the bank's cooperation and other remedial efforts, the Justice Department said.
A lawyer for Bank Hapoalim did not respond immediately to a request for comment.