The Traderszone Network

Published in TZ Latest News 21 June, 2015 by The TZ Newswire Staff

Exclusive: Banks did not do enough to police FIFA transactions, says global agency

LONDON/ST. LOUIS (Reuters) – A global group of government anti-money-laundering agencies said that financial institutions have not done enough to police suspicious financial activity by officials at soccer’s global governing body FIFA, and cautioned banks to step up scrutiny. The warning from the Paris-based Financial Action Task Force came in the wake of last month’s indictment by the United States of nine current and former FIFA officials and five business executives on a series of corruption charges, including bribery, money laundering and wire fraud.     With the U.S.

read more