Swiss bank penalized over alleged FIFA, Venezuela corruption
(WorldNews Sport)

GENEVA (AP) - Switzerland´s financial market authority has penalized Julius Baer bank for violating its obligations to fight money laundering over a nearly nine-year span. The sanctions are related to alleged corruption linked to Venezuela´s state-owned oil company and global soccer body FIFA. The authority, known as FINMA, cited Julius Baer for a `serious infringement of financial market law` and barred it from carrying out `large and complex acquisitions until it once again fully complies with...