An Israeli bank and its Swiss subsidiary agreed to pay over $30 million for their role in conspiring to launder more than $20 million in kickbacks to soccer officials

NEW YORK (AP) — An Israeli bank and its Swiss subsidiary agreed to pay over $30 million for their role in conspiring to launder more than $20 million in kickbacks to soccer officials, becoming the first financial institutions implicated in the FIFA scandal to reach a resolution with U.S. prosecutors.

Bank Hapoalim BM in Israel and its wholly owned Swiss company Hapoalim Ltd. agreed to forfeit $20.73 million and pay a fine of $9.33 million as part of a non-prosecution agreement, the U.S. attorney’s office in Brooklyn said Thursday. The scheme took place through the banks’ Miami branch from 2010-15, with many of the payments tied to marketing rights for the Copa America.

Eugenio Figueredo, a former president of the South American