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Citigroup facing probe over FIFA scandal

US officials investigating FIFA corruption allegations have sent Citi a subpoena
Citigroup facing probe over FIFA scandal
Citi said it was co-operating with authorities on the subpoena

US banking giant Citigroup is facing a probe linked to the corruption scandal at world soccer body FIFA.

Citi has received a subpoena from US officials investigating allegations of bribery, corruption and money laundering at the Zuerich, Switzerland-based organisation, the bank said in a securities filing.

They are reported to have asked for details related to "banking relationships and transactions" regarding individuals "identified as having had involvement" in the alleged corrupt conduct.

Under anti-money laundering laws, banks must warn authorities about potentially suspect transactions.

Authorities have claimed that senior FIFA officials used various US banks to transfer and receive US$150mln in bribes and kickbacks, according to US broadcaster CNN.

Citi said it was co-operating with authorities on the subpoena sent by the US Attorney for the Eastern District in New York.


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