World

Swiss bank UBS says it is cooperating with US, Swiss federal investigations of FIFA corruption

FILE - The April 24, 2014 file photo shows the logo of Swiss bank UBS and the Swiss flag in Zurich, Switzerland.  UBS has reported a 71 percent increase in third quarter profit, Tuesday Nov. 3, 2015, as the banking giant took a big tax benefit, while predicting "substantial" future costs from new Swiss regulations aimed at bucking up the country's two biggest financial institutions. (Steffen Schmidt/Keystone via AP,File)

FILE - The April 24, 2014 file photo shows the logo of Swiss bank UBS and the Swiss flag in Zurich, Switzerland. UBS has reported a 71 percent increase in third quarter profit, Tuesday Nov. 3, 2015, as the banking giant took a big tax benefit, while predicting "substantial" future costs from new Swiss regulations aimed at bucking up the country's two biggest financial institutions. (Steffen Schmidt/Keystone via AP,File)  (The Associated Press)

Swiss bank UBS says it is "cooperating with authorities" who are investigating financial corruption linked to FIFA.

UBS says in its quarterly report published Tuesday it was contacted about "accounts relating to (FIFA) and other constituent soccer associations and related persons and entities."

Switzerland attorney general Michael Lauber said in September he had reports of 121 accounts suspected of links to money laundering.

The Swiss case relates to criminal mismanagement at FIFA and money laundering linked to the 2018-2022 World Cup bidding contests.

An American federal case has convicted and indicted soccer and marketing officials on charges of bribery linked to the World Cup and continental tournaments in North and South America.

UBS joins Credit Suisse and Julius Baer among banks in Switzerland to acknowledge they are helping prosecutors.