Football – here money laundering is the most pure

Criminals are increasingly using the game of money laundering and circumventing the tax laws, supported by the globalization of sport and the clubs need the money, it is clear from the study of the International Group for the fight against financial fraud (FATF – Financial Action Task Force) to Organization for Economic Cooperation and Development.
The most popular sport in the world attract criminals to the vast international transfers often unclear accounting methods.
„Football clubs are really in criminal circles as the perfect vehicle for money laundering, indicate the organization cited by Reuters.
Other sports such as cricket, rugby, horse racing and motocross are also threatened, but football is an obvious candidate for investigation of money laundering through sport, as beyond all global scale.
For example, experience indicates money laundering through the purchase of a Italian football club with funds provided by the criminal organization of central Italy, who was disappointed by the investigators.
According to the report of the organization, based on 20 cases of money laundering through football, the structure, funding and culture of this sport offers favorable conditions for carrying out financial crimes.
The resources used in football, have increased sharply, thanks to the lucrative rights to televise, and become respected clubs in the large business enterprises.
Amounts paid for the best players reached a new record after the attacker of Manchester United Christian Ronald transfer contract with Real Madrid for a record 80 million pounds.
Despite the importance of sport, which has 38 million registered players and 5 million employees and judges, many clubs are run by amateurs and can easily be bought by suspicious investors, says the report.

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Finance