Controversies
Controversies tied to this brand in public sources. A listing is not a finding of fault.
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2023
Russian client-service withdrawal
The bank decided to stop working with clients domiciled in Russia and notified customers that accounts, cards, and related contracts would be terminated by the end of 2023.
2021
Resolution of FIFA-related US investigation
The bank finalized a deferred prosecution agreement with the US Department of Justice concerning alleged money laundering and corruption involving FIFA officials and affiliates, with fines reported at more than USD 79 million.
2020
FIFA and PDVSA anti-money-laundering failures
FINMA determined that Julius Baer had fallen significantly short of legal and supervisory requirements in preventing money laundering connected with corruption allegations involving FIFA and Venezuela’s PDVSA.
2016
US tax-evasion assistance case
The US Department of Justice investigated alleged assistance to US taxpayers seeking to evade tax. Julius Baer entered a deferred prosecution agreement and agreed to pay USD 547 million.
2008
WikiLeaks injunction dispute
Julius Baer sought to restrict publication of documents allegedly relating to clients of a Cayman Islands subsidiary. A US court dissolved an injunction affecting the WikiLeaks domain after free-speech concerns were raised, and the bank later moved to dismiss the case.