All FIFA articles – Page 3

  • Blog post

    Sponsors Turn Up the Heat on FIFA Corruption

    2015-10-05T11:30:00Z

    Image: Four of FIFA’s largest sponsors have called on the group’s president, Sepp Blatter, to resign immediately given his role in possible misconduct at the soccer organization. (Blatter is now under criminal investigation by Swiss prosecutors.) That business-driven pressure, Compliance Week blogger Tom Fox (left) says, might be the first ...

  • Blog post

    Moves Against FIFA, VW: Sweating in the C-Suite?

    2015-09-29T10:45:00Z

    Image: Talk in corporate compliance circles lately has been dominated by the United States and publication of the Yates Memo, where the Justice Department will be pushing for more prosecution of individuals. The real bite for compliance, however, might be happening in Europe, where regulators are moving against the chiefs ...

  • Blog post

    FIFA Corruption Scandal: A Business Solution Coming?

    2015-09-25T09:30:00Z

    Image: The fallout from the FIFA corruption scandal continues across the globe (literally), with FIFA audit committee members suspended and investigations expanded. As the next wave of soccer tournaments reaches the planning stages, however, we might be starting to see FIFA taking business practices seriously. Our Man From FCPA, Tom ...

  • Blog post

    Swiss Authorities to Unveil New ‘Lex-FIFA’ Anti-Corruption Reform

    2015-09-16T09:45:00Z

    A new draft anti-corruption law in Switzerland, named after scandal-ridden football organization FIFA, will treat bribery as a criminal offence and allow Swiss authorities to launch corruption probes against the country’s international sporting federations without tip-offs from inside the organization in question. Some members of Swiss Parliament argue that the ...

  • Blog post

    FIFA Takes Steps Toward Transparency

    2015-08-18T13:45:00Z

    Image: FIFA, the governing body for professional soccer that is mired in controversy and allegations of corruption, may be taking the first steps to transparency and better performance: The group has hired an outside law firm to conduct an exhaustive look at its business practices and to review possible corrupt ...

  • Blog post

    North America Soccer Groups Push Reforms After FIFA Scandal

    2015-07-07T08:45:00Z

    The governing bodies for professional soccer in North America and the Caribbean are overhauling their governance frameworks, amid increasing scrutiny of the sport worldwide since U.S. officials charged a slew of FIFA officials with corruption last month. The group, known as CONCACAF, says the changes are “an additional step … ...

  • Article

    FIFA Fallout Has Banks Fearing Due Diligence Failures

    2015-06-12T11:45:00Z

    The FIFA corruption scandal has pulled many banks—HSBC, Barclays, Citigroup, Bank of America—into its orbit, although none have tumbled into the black hole just yet. The case does, however, send a vivid message on the importance of enhanced due diligence processes. “It is not enough to know your customer,” says ...

  • Blog post

    Rebuilding FIFA Starts With Good Governance

    2015-06-10T10:15:00Z

    Transparency International is calling for governance reform at the scandal-ridden football organization, Fédération Internationale de Football Association. TI says that restoring public trust won’t be an easy win for FIFA, but the global football association can set an example by rebuilding its governance structure and instituting independent non-executive directors and ...