• Blog post

    FINMA finds deficiencies in AML processes at Credit Suisse


    The Swiss Financial Market Supervisory Authority FINMA has concluded two enforcement procedures against Credit Suisse. In the first procedure, FINMA identified deficiencies in the bank’s adherence to anti-money laundering due diligence obligations. The second procedure relates to a significant business relationship for the bank with a politically exposed person.

  • Blog post

    FIFA and more red flags


    The latest FIFA corruption scandal should serve as another lesson in identifying and investigating red flags.

  • Article

    Due diligence best practices for corporate sponsors


    With the Olympics underway, now is a good time for compliance officers to review how they ensure their corporate spokespeople and their own codes of conduct are in sync.

  • Blog post

    FIFA sends a letter


    Under the FCPA  there must be more than simple communication of instructions to not engage in bribery and corruption. Yet, FIFA only wagged its finger and said “do not engage.” Makes one wonder if the organization is actually ready to change.

  • Blog post

    Is the FIFA brand toxic?


    FIFA continues to present lessons for the compliance practitioner, and this one is straight-forward: if your organization is corrupt, other companies may well not want to do business with you going forward.

  • Blog post

    Staying home to avoid justice?


    “Honey, I think we should stay at home for Christmas this year.” This is the line that may well have been said by Marco Polo Del Nero, the president of the Brazilian Soccer Federation to his wife, after having been indicted on money laundering charges, but not subject to extradition ...

  • Blog post

    FIFA trial and FCPA implications


    From the requirements for an anonymous jury to the talk of “bag men” to the bandying about of some of the top names in sports broadcasting, the FIFA trials happeneing in New York City are proving to be a fascinating case.

  • Blog post

    ‘Several countries’ probed in World Cup bribery scheme


    The Office of the Attorney General of Switzerland has opened a criminal proceeding against Jérôme Valcke, the former Secretary General of FIFA, and beIN Media Group Chief Executive Officer Nasser Al-Khelaifi for bribery allegations surrounding the award of World Cup media rights.

  • Blog post

    Princess investigates FIFA


    A recent report indicates soccer’s global governing body, FIFA, has found itself embroiled in another corruption investigation, this time under the auspices of Jordanian Princess Haya bint al-Hussein, who has been working to uncover whether corrupt forces were at work in the two-time bid for FIFA presidency by her brother ...

  • Blog post

    What new headaches may befall FIFA?


    A new and potentially very damaging turn has taken place in the ongoing FIFA corruption scandal. Miguel Maduro, former chairman of FIFA’s governance committee, said that if asked, he would provide specific accusations of top FIFA officials pressuring him to ignore regulations.