Barclays, Standard Chartered & HSBC drawn into FIFA scandal

Anna Fedorova
clock • 1 min read

Some of the largest British banks have launched a review to determine whether allegedly corrupt payments involving football officials have passed through their books.

Barclays, Standard Chartered and HSBC are among banks understood to be looking over their books to determine whether they adhere to anti-money laundering and bribery rules, according to reports. Though there is no suggestion of wrongdoing, the banks are trying to determine whether allegedly corrupt transactions worth thousands of dollars could have passed through unnoticed. US officials last week indicted seven senior members of football association FIFA over bribery and corruption claims, sparking a global scandal. The three major banks feature in the indictment document, along wi...

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