Former president of the Brazilian Football Confederation Ricardo Teixeira was indicted on Monday for fraud and money laundering. Ricardo Teixeira, once Brazil’s most powerful soccer official, has become the latest figure in the sport to become embroiled in scandal and controversy after being charged with money laundering and tax evasion. The former head of the […]

Barclays has launched an internal review into whether its accounts were used for corrupt payments by FIFA officials, a banking source told AFP on Sunday. Standard Chartered has also said it was investigating payments cited in the US indictment. UK-headquartered Barclays, Standard Chartered and HSBC were among more than a dozen banks referred to in […]

A bill passed by Swiss lawmakers to strengthen money laundering laws will also subject public figures in the country, such as the leaders of Swiss-based international sports bodies, to increased financial scrutiny.16 Dec 2014 Banking & Restructuring Financial services regulation Sport Core Industries & Markets Europe Politicians and officials of international organisations based in Switzerland […]

A member of the financial watchdog committee at soccer’s ruling body FIFA has been charged with fraud, money-laundering and breach of trust by police in the Cayman Islands. Canover Watson, a vice-president of the Caribbean Football Union and member of FIFA’s Audit and Compliance Committee, was charged with five offences by the Cayman Islands Anti-Corruption […]