Banks did not do enough to police FIFA transactions, says global agency

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Photo: theguardian.com
REUTERS – A global group of government anti-money-laundering agencies said that financial institutions have not done enough to police suspicious financial activity by officials at soccer’s global governing body FIFA, and cautioned banks to step up scrutiny.
The warning from the Paris-based Financial Action Task Force came in the wake of last month’s indictment by the United States of nine current and former FIFA officials and five business executives on a series of corruption charges, including bribery, money laundering and wire fraud.
With the US investigation continuing to widen, and a separate Swiss probe gearing up into whether there was corruption …Read More

Source:: PM Newspaper