Citigroup receives FIFA corruption subpoena | CNN Money


U.S. banks are now being questioned in the FIFA corruption scandal that has rocked the sports world.

Citigroup (C) said in a recent securities filing that it has been slapped with a subpoena from U.S. officials investigating alleged “bribery, corruption and money laundering” at FIFA.

Anti-money laundering laws require banks to alert authorities about shady transactions like the ones at the heart of the FIFA scandal. Senior FIFA officials used various U.S. banks — including Citi, JPMorgan Chase (JPM) and Bank of America (BAC) — to transfer and receive $150 million in bribes and kickbacks, authorities alleged last year.

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