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MFA reform looks to address money laundering, corruption in Malta’s football scene

Approved changes to the Malta Football Association’s statute hope to address issues of money laundering and corruption in football, president Bjorn Vassallo said on Tuesday. The changes were approved in an Extraordinary General Meeting on Monday evening. Statutory changes are the first step in a three-part reform being carried out… Read More

Benfica club president detained in tax fraud probe

Benfica president Luís Filipe Vieira was arrested today as part of an investigation into suspicions of fraud, abuse of trust and money laundering. He is being held overnight at the PSP police station in Moscavide (Lisbon), to be presented before judge Carlos Alexandre tomorrow (Thursday) morning. Also arrested with him… Read More

Investigation into possible Rio 2016 boxing corruption by Aiba opened up

An investigation into possible corruption during the Olympic boxing competition at Rio 2016 is to be led by Professor Richard McLaren, the man who uncovered the full extent of Russian state-sponsored doping. The Guardian can reveal that McLaren, who found that more than… Read More
28th May 2021
Julius Baer Group Ltd. will pay almost $80 million to resolve a U.S. probe of its role in the payment of tens of millions of dollars in bribes to leaders of FIFA, the governing body for world soccer. The U.S. charged the Swiss private bank with a money-laundering… Read More
25th May 2021
A gun-toting Greek billionaire, Ivan Savvidi, is making a mockery of EU sanctions on Russia, but no one in Athens or Brussels seems to care, posing the question: Is the EU regime a paper tiger? The sanctions were imposed in 2014 over Russia’s invasion of Ukraine. They banned EU nationals… Read More
21st May 2021
AP — The president of the International Volleyball Federation is being investigated in his native Brazil as part of a wider fraud probe launched on Thursday. Rio de Janeiro police and state prosecutors said in a statement that Ary Graça, who has headed FIVB since 2012, and… Read More
6th May 2021
FIFA boss Gianni Infantino won his bid to have a specially appointed prosecutor removed from an investigation into undocumented meetings Infantino held with former Swiss Attorney General Michael Lauber. Stefan Keller’s comments in press releases in 2020 and 2021 “were not presented in an objective manner,”… Read More
2nd May 2021
The Malta Football Association Executive Committee has approved reforms on good governance both at the association as well as club level, president Bjorn Vassallo told a news conference pm Thursday. Vassallo said that good governance has been at the forefront of his electoral mandate and also ranks high on the… Read More
18th April 2021
Phoenix Thoroughbreds, one of the biggest investors in Australian race horses, has had its prize money frozen in NSW and Victoria following allegations in a US court its founder was involved in money laundering. Racing NSW chairman of stewards Marc Van Gestel said the prize money would be set aside… Read More
16th April 2021
BNF Bank has distanced itself from a former manager who faces money laundering charges. Albert Buttigieg has been charged in court together with and ex-footballer Darren Debono’s step-daughter Florinda Sultana, who fronted companies that manage two fish restaurants allegedly involved in laundering money linked to oil… Read More
1st April 2021
FIFA President Gianni Infantino has addressed the G20 Anti-Corruption Working Group on the last day of its video conference summit. Invited to speak on the fight against corruption in sport, President Infantino shared the lessons that the new FIFA has learned through its post-2016 reforms, as well as from the… Read More
1st April 2021
Julius Baer can resume large acquisitions after markets watchdog FINMA lifted a ban levied against the Swiss private bank last year for failings in combating money laundering involving cash linked to world soccer body FIFA and Venezuela’s oil company. In February 2020, FINMA cited scores of failings at Switzerland’s third-largest… Read More
29th March 2021
Racehorse owner Damion Flower has pleaded guilty to two charges for his role in a syndicate smuggling commercial quantities of cocaine through Sydney Airport. Flower, the 48-year-old part owner of champion stallion Snitzel, was arrested in May 2019 along with Qantas baggage handler To’or’o “John” Mafiti for importing cocaine from… Read More