All FIFA articles

  • FIFA

    Ex-FIFA president facing fresh fraud charges


    Former FIFA officials Sepp Blatter and Michel Platini have been charged with fraud, forging documents, and other offenses following a six-year investigation into a controversial CHF 2 million (U.S. $2.2 million) payment made out to Platini a decade ago.

  • Julius Baer

    Julius Baer pays $80M in FIFA corruption settlement


    Swiss bank Julius Baer entered a deferred prosecution agreement and will pay $80 million for its role in a money laundering conspiracy linked to world soccer federation FIFA, the Department of Justice announced.

  • Julius Baer

    Julius Baer reserves $80M for FIFA corruption settlement


    Julius Baer has set aside nearly $80 million in a proposed settlement with the Department of Justice regarding the agency’s corruption investigation linked to world soccer federation FIFA.

  • Nailedit1200x800

    What do FIFA chief, ‘Florida man,’ and Trump have in common? All Failed It this week


    The lesson in this week’s edition of “Nailed It or Failed It?” is the more things change, the more they stay the same.

  • Safe bank

    Analysis: The problem with keeping a secret


    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

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


    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

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


    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


    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

    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

    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

    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

    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

    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

    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

    ‘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

    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

    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.

  • Article

    Anti-corruption and human rights make Olympic debut


    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

    OFAC red cards Mexican footballer Marquez


    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.