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NEWS: Top European football clubs risk sanctions after trading with Russian teams

Premium September 17, 2024

A message showing support for Ukraine is displayed on screen ahead of the Carabao Cup final at Wembley Stadium, London. Picture date: Sunday 27th February, 2022. (Credit: Professional Footballers Association)

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NEWS: Luxembourg’s CSSF regulator says new corruption will be “focal point” in money laundering fight

NEWS: None of 25 UK legal and accounting industry bodies ‘fully’ meet AML standards, FCA warns

NEWS: Germany’s BaFin says senior bank staff should have better IT knowledge under new DORA rules

By Paul O’Donoghue, Senior Correspondent

Several of Europe’s leading football clubs risk falling foul of EU sanctions due to a rise in transfer deals with Russian teams.

An investigation has found that 42 European clubs have done transfer deals with Russian teams since Vladimir Putin’s invasion of Ukraine in February 2022.

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Premium

NEWS: Luxembourg’s CSSF regulator says new corruption will be “focal point” in money laundering fight

NEWS: None of 25 UK legal and accounting industry bodies ‘fully’ meet AML standards, FCA warns

NEWS: Germany’s BaFin says senior bank staff should have better IT knowledge under new DORA rules

Regulatory Watch News

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    The Executive Chairman of the Economic and Financial Crimes Commission, EFCC, Ola Olukoyede on Friday, September 20, 2024 handed over €5100 (Five Thousand, One Hundred Euros) proceeds of crime to the Spanish Ambassador to Nigeria, His Excellency, Juan Ignacio Sell. The sum was recovered from a Nigerian romance fraudster for Heinz Burchard Einhaus Uchtmann, a Spanish victim by the EFCC in collaboration with the Spanish Police.

  • HKMA commences Phase 2 of e-HKD Pilot Programme and expands Project e-HKD to explore new forms of digital money

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  • FINTRAC imposes an administrative monetary penalty on Coinseason Capital Inc.

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    FINTRAC announced today that it has imposed an administrative monetary penalty on Coinseason Capital Inc. This money services business in Richmond, British Columbia, was imposed an administrative monetary penalty of $33,000 on May 31, 2024, for non-compliance with Part 1 of the Proceeds of Crime (Money Laundering) and Terrorist Financing Act and associated Regulations. Coinseason Capital Inc. was found to have committed the following administrative violation:

    • Failure to renew their registration as a money services business with the Centre.
    The administrative monetary penalty has been paid in full by Coinseason Capital Inc. and proceedings have ended.

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