Switzerland's second-largest bank revealed it has received inquiries regarding the FIFA corruption case.

(Story updated for UBS reference)

Credit Suisse has become the first bank to announce it is being investigated for links to the bribery and corruption scandal that has rocked FIFA.

In its third-quarter financial report, the Zurich-headquartered bank said it had received inquiries from US and Swiss government authorities regarding its banking relationships with certain individuals and entities associated with FIFA, including “but not limited to certain persons and entities named and/or described in the May 20, 2015 indictment filed in United States v. Webb”.

In June this year, the Financial Action Task Force, the global group of government anti-money laundering agencies, said financial institutions had not done enough to control suspicious financial activity by officials at FIFA and urged banks to tighten scrutiny.

Credit Suisse said it was one of multiple financial institutions being investigated by authorities over allegedly corrupt transactions associated with the Switzerland-headquartered body that oversees World Cup football tournaments. The investigations will determine whether the institutions had “permitted the processing of suspicious or otherwise improper transactions, or failed to observe anti-money laundering laws and regulations, with respect to the accounts of certain persons and entities associated with FIFA”.

The bank added that it was “cooperating with the authorities on this matter”. Several banks, including Julius Baer and HSBC, started internal investigations after the US Department of Justice named them in an indictment of FIFA officials in May. London-listed Standard Chartered announced shortly after that it was looking into two payments it had cleared that were mentioned in the indictment.

At the start of October, Sepp Blatter and UEFA president Michel Platini were suspended from their roles after a SFr2 million ($2 million) payment from FIFA to Platini came to light. Blatter has since come under criminal investigation in Switzerland.

On Tuesday this week, when issuing its quarterly results, UBS said it was co-operating with Swiss authorities over the matter.