Julius Baer announced Monday it has set aside nearly $80 million in a proposed settlement with the Department of Justice regarding the agency’s corruption investigation linked to world soccer federation FIFA.

Under the terms of the settlement, Julius Baer is also expected to enter a three-year deferred prosecution agreement. The company said it anticipates it will execute a final resolution in this matter “shortly.”

Learn More
Already a member? Sign in to an existing account.

Jaclyn Jaeger is a freelance contributor to Compliance Week after working for the company for 15 years. She writes on a wide variety of topics, including ethics and compliance, risk management, legal,...