Particularities of Anti-Money Laundering Methods in Football (CROSBI ID 292929)
Prilog u časopisu | izvorni znanstveni rad | međunarodna recenzija
Podaci o odgovornosti
Cindori, Sonja ; Manola, Ana
engleski
Particularities of Anti-Money Laundering Methods in Football
Based on an overview of the anti-money laundering initiatives in the sports sector and recent efforts of money launderers focused on finding alternative channels for money laundering operations, the purpose of this article is to present the modus operandi of money laundering in the football sector especially. Specifics of money laundering through the football sector have been analyzed using deductive and inductive methods. This paper provides a review of the existing anti- money laundering initiatives in the sports sector in order to highlight the specific features of sport that increase money laundering risks in the football sector. Certain risks have been analyzed and linked to risk areas and money laundering methods as a way of demonstrating established modus operandi. Analyzed vulnerabilities that arise from the structure, financial characteristics, and culture of the football sector represent an increased risk of money laundering in a condition where potential money launderers achieve the status of investors, football agents, or owners of football clubs and players. Taking some of these roles allows money launderers to enter into transactions related to the acquisition of ownership over football clubs or player transfers. Such types of transactions are particularly exposed to abuse for the purposes of the money laundering process due to their unique features. Through a wide range of clarified risks and money laundering methods applicable to the football sector, this paper offers a comprehensive review of the existing money laundering threats in the football sector and proposals of prevention.
money laundering, football, risk, transparency, beneficial owner, image rights, sponsorship, transfers
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Podaci o izdanju
23 (4)
2020.
885-897
objavljeno
1368-5201
1758-7808
10.1108/JMLC-09-2019-0075
Povezanost rada
Pravo