Home AML AML Case studies / Reports Money laundering and football; some rather interesting examples

Money laundering and football; some rather interesting examples


This article is Part II of a 3-part series that is intended to provide information about precisely how money laundering works on a global scale. Because my personal take is that, if the criminals know how to do it, why not all of us? And the truth is that, without such parity of knowledge, we have no hope of ever stopping them.

…Two English men were caught smuggling large quantities of cash out of England, into other European nations, using luxury cars that had been specially equipped with hidden compartments to conceal the cash.

The men who were arrested for smuggling this cash claimed that the cash “was linked to agents or other parties involved in the lucrative – and notoriously unregulated – trade in footballers.”

Specifically, the “criminals claimed the millions of used notes came from Premier League football ‘transfer bungs’”

One alleged perpetrator “claimed that the money in his Mercedes was provided as part of a ‘bung’ connected with the transfer of a player to a leading English club, police said yesterday…

Link to the detailed report : here