All FIFA articles

  • Safe bank
    Article

    Analysis: The problem with keeping a secret

    2020-05-11T14:10:00Z

    You can’t hide behind the numbers, as numerous banks, including Bank Hapoalim, found out recently when rampant tax evasion took hold in Switzerland.

  • MoneyFine
    Article

    Bank Hapoalim’s bad day: $904M in tax evasion, FIFA fines

    2020-05-01T18:05:00Z

    Israel’s largest bank and its Swiss subsidiary will pay a total of $904 million in separate DOJ settlements related to (1) a massive tax-evasion scheme and (2) its role in a money-laundering conspiracy with FIFA.

  • Money laundering
    Article

    Compliance lessons from Julius Baer’s ‘serious AML failings’

    2020-02-21T15:52:00Z

    Compliance officers can learn a lot from the anti-money laundering compliance shortcomings at Julius Baer Group, as well as from what the bank is now doing to enhance its risk management and AML compliance controls.

  • Article

    ​FIFA chief compliance officer joins DLA Piper

    2019-08-30T18:24:00Z

    Global law firm DLA Piper announced that Edward Hanover, former chief compliance officer at FIFA, will join the firm’s litigation practice as a partner in Northern California based in its Silicon Valley office.

  • Blog post

    FINMA finds deficiencies in AML processes at Credit Suisse

    2018-09-17T11:15:00Z

    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

    2018-04-16T07:15:00Z

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

  • Article

    Due diligence best practices for corporate sponsors

    2018-02-21T11:30:00Z

    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

    2018-01-30T13:00:00Z

    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?

    2017-12-15T09:00:00Z

    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?

    2017-11-20T16:00:00Z

    “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

    2017-11-15T16:15:00Z

    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

    2017-10-13T15:00:00Z

    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

    2017-09-27T10:30:00Z

    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?

    2017-09-10T17:45:00Z

    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.

  • Article

    Anti-corruption and human rights make Olympic debut

    2017-08-14T08:45:00Z

    Starting with the 2024 Summer Games in Paris, Olympic host cities must agree to abide by certain anti-corruption and human rights principles meant to clean up the world of global sports.

  • Blog post

    OFAC red cards Mexican footballer Marquez

    2017-08-13T15:30:00Z

    A prominent Mexican football star finds himself on OFAC's black list for allegedly fronting for a known drug kingpin. Just when you thought soccer couldn't get any more dramatic.

  • Blog post

    A new chapter in anti-corruption enforcement?

    2017-06-19T13:00:00Z

    Jorge Luis Arzuaga, a former managing director at the Swiss bank Julius Baer, pled guilty to having arranged the transfers of more than $25 million in bribes for corrupt FIFA officials. This is the first guilty plea in the plethora of service provides who facilitated the massive corruption scandal engaged ...

  • Article

    Forget Comey, what about Borbély and Eckert?

    2017-05-23T13:45:00Z

    As FIFA quietly gets rid of the bulk of its ethics committee, it would appear that the agency’s internal reform efforts have come to an end in questionable fashion.

  • Blog post

    FIFA fires its own investigators

    2017-05-10T18:30:00Z

    When it comes to brassiness, one really cannot do much better than FIFA. After having survived one of the world's greatest scandals, the international governing body of football is replacing the leadership of its ethics committee, in effect dismissing the judge and the prosecutor whose investigations resulted in the suspensions ...

  • Blog post

    FIFA audit official pleads guilty to corruption charges, gets suspended

    2017-04-28T15:30:00Z

    A member of FIFA’s audit and compliance committee pleaded guilty yesterday to charges of wire fraud conspiracy for his participation in multiple schemes to accept and pay bribes to soccer officials and received a 90-day suspension by FIFA from all football activities at both the national and international level.