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Malta: Yorgen Fenech indicted on money laundering charges

A magistrates’ court has found there is sufficient evidence for Yorgen Fenech to be indicted over money laundering and fraud to the detriment of Glimmer Ltd, a company he partly owned. Magistrate Donatella Frendo Dimech decreed there was a ‘case to answer’ on Tuesday morning – a day after… Read More

Documents show US investigation of 2 Kuwaitis in FIFA case

AP — Two senior Olympic officials from Kuwait, one reputed to be the “kingmaker” of IOC elections and another who is president of swimming’s international governing body, have been targeted by the U.S. Department of Justice for suspected racketeering and bribery related to FIFA and international soccer politics,… Read More

FIFA, Deemed a Victim of Its Own Scandal, Will Share $200 Million Payout

Even as top soccer officials were still being arrested as part of a sprawling corruption investigation in 2015, lawyers for the sport’s global governing body and U.S. prosecutors began to embrace an intriguing premise: The soccer organization, FIFA, and its affiliates were not only the hosts of the scheme, the… Read More
23rd August 2021
The President of the Cook Islands Football Association, Lee Harmon, has been banned from all football activities for six years and fined $US75,000. The Oceania Football Confederation’s Disciplinary and Ethics Committee found Mr Harmon had breached five articles of the OFC Code of Ethics, including conflicts of interest, offering and… Read More
18th August 2021
The former president of El Salvador’s soccer federation may enter a guilty plea next Monday over his alleged role in a sprawling corruption probe surrounding FIFA and other soccer governing bodies, court records show. A change-of-plea hearing has been scheduled in the U.S. District Court in Brooklyn for Reynaldo Vasquez,… Read More
9th August 2021
The re-launched Brexit Party, which now campaigns against Covid-19 restrictions, has been told that its bank account is being shut down. In a move that Richard Tice, who leads the Reform Party, described as “grim” and “outrageous”, Metro Bank issued a letter out of the blue stating that “after… Read More
29th July 2021
The UK’s courtship of trade with developing countries after Brexit risks exacerbating the country’s exposure to trade-based money laundering (TBML), according to new research. As part of the country’s trade strategy after departing the EU, the UK’s Department for International Trade (DIT) announced plans earlier this month for a Developing… 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
24th May 2021
When a consortium of reporters released the Panama Papers in 2016, they wanted to block one group from plundering the database which contained records disclosing the owners of thousands of off-shore companies used to hide enormous sums of wealth: corporate intelligence operatives, or private spies. The private spying industry… Read More
21st May 2021
The international anti-money laundering standard setter has criticised the Reserve Bank of New Zealand (RBNZ) for failing to supervise the banking sector adequately, despite an overwhelmingly positive national review. The Financial Action Task Force’s (FATF) latest mutual evaluation report revealed the central bank has just five full-time staff dedicated to… 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
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