INVESTIGATION REVEALS HOW ENGLISH FOOTBALL CAN BE USED TO LAUNDER MONEY

On 9 August, Al Jazeera revealed an exposé showing how English football clubs can be bought by criminals to launder the proceeds of their crimes.  It is said to show middlemen telling undercover reporters how they can hide a criminal’s money and identity behind offshore trusts and submit fraudulent due-diligence reports to English football authorities.

https://www.aljazeera.com/news/2021/8/9/investigation-reveals-football-used-to-launder-money-men-who-sell-football

See also –

CYPRUS LINK TO SHADY INVESTORS BUYING ENGLISH FOOTBALL CLUBS

On 9 August, the Financial Mirror reported that Al Jazeera had exposed how English football clubs can be bought by criminals and become vehicles to launder the proceeds of their crimes, with Cyprus mentioned as a place to buy a new identity.  Al Jazeera is said to have carried out covertly-filmed meetings with an offshore trust expert and football dealmaker.

https://www.financialmirror.com/2021/08/09/cyprus-link-to-shady-investors-buying-english-football-clubs/

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Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

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