Swiss bank Julius Baer said on Wednesday it is in “advanced discussions” with the US Department of Justice (DOJ) about reaching a resolution over allegations of its role in FIFA’s corruption affair, “which may result in the payment of a double-digit million US dollar amount.”

Julius Baer said: “Subsequent to the closure of an enforcement procedure by the Swiss Financial Markets Authority FINMA against Julius Baer in February 2020, related to the corruption events around the world soccer federation FIFA, the group continues to pursue the resolution of remaining legacy regulatory and legal matters in cooperation with the relevant authorities.

“As previously reported, Julius Baer has been cooperating since 2015 with the U.S. Department of Justice (DOJ) in its investigation of alleged money laundering and corruption involving officials and affiliates of FIFA and associated sports media and marketing companies.

“The Bank is currently in advanced discussions with the DOJ about reaching a resolution in such matter, which may result in the payment of a double-digit million US dollar amount.

“No further comments can be made until an agreement has been reached.”