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Midweek Roundup: Julius Baer Inks FIFA Settlement, Paraguay Imposes Record Fine on Banco Itaú, and More

Swiss private lender Julius Baer said it has agreed to pay almost $80 million to settle U.S. charges that it handled corrupt payments involving former officials of world soccer governing body FIFA, Reuters reported. More Authorities in Paraguay fined Brazil's Banco Itaú nearly $10 million for failing to report suspicious transactions, InSight Crime reported. More Latvia's Regional Investment Bank received a $550,000 penalty for failing to adequately scrutinize high-risk clients, LSM reported. More A U.K. tribunal suspended east London attorney Biplab Jumar Poddar indefinitely for failing to conduct due diligence on the parties involved in a £122,000 transaction he facilitated,...

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