Julius Baer to enter deferred prosecution agreement in FIFA corruption probe

© Reuters. FILE PHOTO: The logo of Swiss private bank Julius Baer is seen at a branch office in Zurich, Switzerland February 1, 2021. REUTERS/Arnd Wiegmann/File Photo

NEW YORK (Reuters) – The Swiss bank Julius Baer has agreed to enter a deferred prosecution agreement with the U.S. Department of Justice after being implicated in a sprawling corruption probe surrounding FIFA, the world’s soccer governing body.

Julius Baer’s general counsel confirmed the planned agreement at a hearing on Thursday in the federal court in Brooklyn, New York.

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