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FIFA probe: First banks admit money laundering role

by AP Sports Writer
| April 30, 2020 2:27 PM

NEW YORK (AP) — An Israeli bank and its Swiss subsidiary agreed to pay over $30 million for their role in conspiring to launder more than $20 million in kickbacks to soccer officials, becoming the first financial institutions implicated in the FIFA scandal to reach a resolution with U.S. prosecutors.

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