News

An intergovernmental group has unveiled an anti-corruption monitoring system that will require sports governing bodies to identify the beneficial owners of sports clubs and their sources of wealth to secure top ratings for financial integrity. The Sport Integrity Global Alliance, or SIGA, is planning inspections of sports authorities from 2019 onward to improve the financial transparency and governance of soccer leagues, clubs and other sports in the wake of several scandals involving corruption, tax-evasion, match-fixing and money-laundering. The new system created by SIGA calls for enhanced due diligence and regular monitoring of politically exposed persons and other potential investors of...