U.K. Financial Regulator in Talks with Banks over FIFA Probe

From The Wall Street Journal –

“The U.K. financial regulator is looking into weaknesses in anti-money laundering systems at U.K. banks, following a major investigation by U.S. authorities into alleged corruption by FIFA officials.

Harriett Baldwin, the Economic Secretary to the U.K. Treasury, said the Financial Conduct Authority is “discussing with banks whether the FIFA episode has highlighted weaknesses in their anti-money laundering systems and controls.”

She made the statement in a written response to a U.K. member of parliament.”

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Does the Foreign Corrupt Practices Act Apply to FIFA?

From The Least Thing –

“Over the past decade the US government has increasing used a 1977 law to go after corrupt international business practices that touch on US shores in some way. The provisions of the Foreign Corrupt Practices Act (FCPA) are far-reaching and consequential.

But does the act apply to FIFA? Here a few expert perspectives..”

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How Many Ways Can You Hide A Bribe? The Best of the FIFA Indictment

From Screamer –


‘“There are some people here who think they are more pious than thou. If you’re pious, open a church, friends. Our business is our business.”

That’s what federal investigators claim Jack Warner said after learning that a representative of a Caribbean Football Union member association had contacted CONCACAF offices in New York about some payments being made in envelopes. Warner, who held various international soccer titles including FIFA vice-president, didn’t sound amused at the loose lips. Now he’s one of 14 men indicted on a slew of federal charges ranging from racketeering to wire fraud to money laundering. With a day of press buzz stripped away, none of the accusations is truly surprising, instead serving as a fancy official verification of what soccer fans have suspected all along—each vote and contract is a bundle of bribes and kickbacks that makes a bunch of old rich men even richer.’

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