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FATF Highlights Risks Associated With Soccer, Other Sports
printThe opaque financial structures of the sports sector, including soccer and basketball, can be abused by criminals seeking to disguise dirty money and climb social ladders, an intergovernmental organization said Wednesday. Money launderers use the markets to hide funds not only through betting but with complex financial deals involving player transfer markets and image rights, the Paris-based Financial Action Task Force (FATF) said in a 42-page report. Cricket, rugby motorcar racing and ice hockey are among the sports also susceptible to abuse, FATF said. The organization said it decided to focus its report on soccer because the sport, the most...
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