“Fidelity Bank has called in auditors in the wake of allegations made by the US authorities that it may have played a part in the possible laundering of the alleged bribes and kickbacks at the centre of the FIFA scandal. Officials from Fidelity said they had “engaged Deloitte Cayman to conduct an independent review of the Bank’s internal processes and policies to confirm that they are in line with regulatory requirements.”
In a press release issued on Monday, the bank said it has consulted with the Cayman Islands Monetary Authority (CIMA) regarding the internal review and the regulator will contribute to the preparation of the Terms of Reference for the work “to ensure that the review covers any questions that CIMA may have”, the bank stated.”
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