Various US banks are likely to be served with subpoenas as the FIFA corruption scandal continues to be investigated on an international level.
Citigroup revealed in a recent securities filing that it has been served with a subpoena from US officials who are currently investigating alleged “bribery, corruption and money laundering” at FIFA.
Current anti-money laundering laws require that banks report any strange transactions such as those at the heart of the FIFA bribery scandal.
During the height of the scandal, FIFA was using various US banks, including Citi, JPMorgan Chase, and Bank of America, to transfer and receive more than $150 million in bribes and kickbacks, authorities claim.
Officials in targeting Citi have requested information related to “banking relationships and transactions” tied to individuals “identified as having had involvement” in the alleged corrupt conduct.
The bank says it is fully cooperating with authorities, which was issued by the US Attorney for the Eastern District in New York.
Citi is the first big US bank to say it has been subpoenaed in the FIFA scandal.