Football, Gambling, and Money Laundering: A Global Criminal Justice Perspective

Football, Gambling, and Money Laundering: A Global Criminal Justice Perspective

Fausto Martin De Sanctis

Language: English

Pages: 173

ISBN: 3319056085

Format: PDF / Kindle (mobi) / ePub

Professional football means many things to many people. For players, a means to possible fame and fortune. For fans, a source of local or national pride, and perhaps the chance to score with a few bets. For criminal organizations, a cover for making millions in corrupt enterprises. In the world of gambling this is no different.

Football, Gambling, and Money Laundering describes in impressive detail the scope of the problem, the layers of denial that allow sports-related financial crime to flourish, and the steps that are being taken--and that need to be taken--to combat illicit operations in the sports world. Expert analysis explains criminal activity in the context of football, and how sports governing bodies, the media, and others have created a culture that regularly turns a blind eye. International data and instructive legal case examples shed light on the role of the Internet in the spread of gambling and money laundering as well as the strengths and weaknesses of current law enforcement, legislative, and sports-based efforts in fighting corruption. Included in the coverage:

• Criminal activity in the sports world

• Financial crime and exploitation in football and gambling

• Legal wagering and illegal betting, including online

• Illegal and disguised payment instruments used by organized crime

• International legal cooperation in combating money laundering

• National and international proposals for improving the sports and gambling industries to prevent money laundering

An authoritative reference to a growing and wide-reaching concern, Football, Gambling,and Money Laundering will find an interested audience among academics, prosecutors, judges, law enforcement officials, and others involved in efforts to curb corruption and money laundering in the world of football.



















Pending U.S. Legislation to Prohibit Offshore Internet Gambling May Proliferate Money Laundering. 10 Law & Bus. Rev. Am. 447, 2004. PONS, Noel. Blanchiment d’argent: l’autre mercato. Le Monde,published on August 8, 2012. In Accessed May 6, 2013. SCHOPPER, Mark D. Internet Gambling, Electronic Cash & Money Laundering: The Unintended Consequences of a Monetary Control Scheme. 5 Chap. L. Rev. 303, 2002,

laundered money as the salaries of players and their agents. For example, a player would have signed an agreement in England for the use of his image rights to a club and transfer money to a corporation located in a tax haven. In exchange, shares of the corporation would be given to the player. The club would have sought out an advisory professional 3.3 Prevention and Control 37 who would have concluded that the player does not have a commercial interest in selling his image rights, thus

or disguise the nature, the location, the source, the ownership, or the control of the proceeds of specified unlawful activity, or to avoid a transaction reporting requirement under State or Federal law, shall be sentenced to a fine of not more than $ 500,000 or twice the value of the property involved in the transaction, whichever is greater, or imprisonment for not more than twenty years, or both. (…) (2) Whoever transports, transmits, or transfers, or attempts to transport, transmit, or

controllers, since ownership is—according to the legislation in the countries in which they are located—evidenced by bearer paper, and partners or officers are simply proxies, often proxies for hundreds of companies of the same pattern. All of this amounts to creating a veil for the actual owners to hide behind. Their paper cannot be traded on the domestic market, nor cashed in without considerable expense and questions about possible complicity in money laundering directed at anyone who converts

Defense Statute makes clear that the sports organization is founded on freedom of association and integrates the Brazilian cultural heritage with high social interest. The federal courts have jurisdiction to decide about it (Article 4). The law established the right to transparency and publicity in the organization of sport through administrative bodies linked to professional football (Article 5). There is mandatory disclosure of income and the number of fans in stadiums (Article 7). By

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