Sports agencies in France have yet to trigger a single anti-money laundering related enforcement action or penalty in the eight years since they became eligible for them. France's National Sanctions Commission, or CNS, an agency tasked with penalizing real estate agents, corporate service providers, gaming platforms, art galleries and other non-bank entities caught breaching AML requirements by other regulators, expressed concern over the apparent lack of supervision at the turn of the year. "Although the Commission's jurisdiction was extended to sports agents in December 2016, CNS has still not received a single referral from a sports federation," Cecile Chaduteau-Monplaisir, the...
On first glance, Belgium's enlistment of Anderlecht, Club Brugge and Standard Liege in the fight against money laundering, tax fraud, corruption and other financial crimes may seem unusual.
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